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Turbine Lofts 73 Washington St 36 Unit Apartment Building $10,800,000 ($300,000/Unit) Mount Holly, NJ 08060



Investment Highlights
- Premier Adaptive Reuse Warehouse completed in 2020
- Luxury Loft-Style New Units with 12-15 Feet Ceilings Studio to Two-Bedroom Layouts w/ Select Dens
- 1 Min Walk to Nearby Bus Stop with Direct Service to Philadelphia
- 30 Year Tax PILOT Extremely Affordable
- 100% Market-Rate No Rent Control Ordinance in Mount Holly Township
- Strong Regional Connectivity Access to I-295, NJ Turnpike, and Route 38
Executive Summary
Turbine Lofts is Mount Holly’s premier adaptive reuse residential community, completed in 2020 and designed to blend historic character with modern living. The property comprises 36 loft-style apartments with a unit mix ranging from studios to two-bedroom layouts, including select residences with dens. Residences are appointed with modern features such as in-unit laundry, large kitchens with granite countertops, stainless steel appliances, dishwashers and microwaves, hardwood flooring, walk-in closets, and oversized windows that maximize natural light. Additional conveniences include wall-mounted air conditioning, high-speed internet access, cable-ready connections, heating, and smoke-free living. Notably, the property is not subject to rent control, providing investors with long-term flexibility in rental strategy and income growth.
Strategically located in the heart of Mount Holly, Turbine Lofts offers walkable access to downtown dining, cafés, and cultural destinations such as Mill Race Village. The nearest NJ Transit bus stop is within a one-minute walk, providing direct service to regional rail and Philadelphia in under an hour. The property also benefits from quick connections to Interstate 295, the New Jersey Turnpike, and Route 38, ensuring seamless regional mobility. Major employers including Virtua Health, UPS, Burlington County government offices, and Rowan College at Burlington County are all within a short drive, reinforcing the property’s appeal as a highly connected residential destination with strong lifestyle and employment access.
For additional information, please visit: https://turbine.hudsonatlantic.com
Strategically located in the heart of Mount Holly, Turbine Lofts offers walkable access to downtown dining, cafés, and cultural destinations such as Mill Race Village. The nearest NJ Transit bus stop is within a one-minute walk, providing direct service to regional rail and Philadelphia in under an hour. The property also benefits from quick connections to Interstate 295, the New Jersey Turnpike, and Route 38, ensuring seamless regional mobility. Major employers including Virtua Health, UPS, Burlington County government offices, and Rowan College at Burlington County are all within a short drive, reinforcing the property’s appeal as a highly connected residential destination with strong lifestyle and employment access.
For additional information, please visit: https://turbine.hudsonatlantic.com
Property Facts
| Price | $10,800,000 | Apartment Style | Low-Rise |
| Price Per Unit | $300,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.07 AC |
| No. Units | 36 | Building Size | 25,242 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2020 |
| Zoning | B1 | ||
| Price | $10,800,000 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.07 AC |
| Building Size | 25,242 SF |
| No. Stories | 3 |
| Year Built | 2020 |
| Zoning | B1 |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Walk-In Closets
- Carpet
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Package Service
- Maintenance on site
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | - | 741 - 826 |
| Studios | 1 | - | 683 |
| 1+1 | 14 | - | 700 - 1,257 |
| 1+1.5 | 9 | - | 802 - 1,214 |
| 2+2 | 5 | - | 1,112 - 1,322 |
1 1
Walk Score®
Very Walkable (81)
Property Taxes
| Parcel Number | 23-00044-0000-00016 | Improvements Assessment | $0 |
| Land Assessment | $294,200 | Total Assessment | $294,200 |
Property Taxes
Parcel Number
23-00044-0000-00016
Land Assessment
$294,200
Improvements Assessment
$0
Total Assessment
$294,200
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Turbine Lofts | 73 Washington St
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