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7504 Zimmerman Ave 3 Unit Apartment Building $499,900 ($166,633/Unit) Pennsauken, NJ 08110
Executive Summary
Rare investment opportunity at 7504 Zimmerman Ave, Pennsauken! This massive triplex sits on a prime corner lot and is being delivered fully vacant, making it perfect for an owner-occupant or an investor looking to set market rents immediately. The building features a versatile layout consisting of a spacious 2-bedroom, 1-bathroom unit and a 1-bedroom, 1-bathroom unit and a studio unit. Inside, you will find modern luxury vinyl plank flooring, fresh neutral paint, and charming original details like high ceilings and classic window moldings. Significant value-add potential exists in the massive walk-up attic, which features high vaulted ceilings and original wood beams, ready to be finished into additional rental space. The property is rounded out with a full basement for tenant storage, a detached garage, and a dedicated concrete driveway. With a durable architectural shingle roof and low-maintenance vinyl siding, this turn-key multi-family is ready for its next owner.
Property Facts
| Price | $499,900 | Apartment Style | Single-Family Home |
| Price Per Unit | $166,633 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Sale Condition | High Vacancy Property | Building Size | 4,823 SF |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1980 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $499,900 |
| Price Per Unit | $166,633 |
| Sale Type | Investment |
| Sale Condition | High Vacancy Property |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,823 SF |
| No. Stories | 3 |
| Year Built | 1980 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
| 5+1 | 1 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Good public transit
70/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 27-01216-0000-00007 | Improvements Assessment | $266,400 |
| Land Assessment | $48,200 | Total Assessment | $314,600 |
Property Taxes
Parcel Number
27-01216-0000-00007
Land Assessment
$48,200
Improvements Assessment
$266,400
Total Assessment
$314,600
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7504 Zimmerman Ave
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