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871 Corkery Ln 4 Unit Apartment Building $899,900 ($224,975/Unit) 7.33% Cap Rate Williamstown, NJ 08094
INVESTMENT HIGHLIGHTS
- Surrounded by modern single-family homes • Nearby amenities include: Glouester Outlets, Mins to Philadelphia • Restaurants, Fitness Centers, Wawa
- A great opportunity for long-term growth
- Walmart, Big Banks, and Public Transportation • High-demand area with strong rental income potential
EXECUTIVE SUMMARY
Prime Investment Opportunity – Cleared 10.2 Acres with 4-Family Property!
Rare chance to own 10.2 acres in a desirable location, featuring a fully rented 4-family building (month-to-month leases). Includes two 1-bedroom units and two 2-bedroom units, all well-maintained with a newer roof and water softener. Surrounded by single-family homes and close to Philadelphia, Gloucester Outlets, shopping, dining, and public transportation. Strong rental income with huge potential for redevelopment or multi-purpose use.
Rare chance to own 10.2 acres in a desirable location, featuring a fully rented 4-family building (month-to-month leases). Includes two 1-bedroom units and two 2-bedroom units, all well-maintained with a newer roof and water softener. Surrounded by single-family homes and close to Philadelphia, Gloucester Outlets, shopping, dining, and public transportation. Strong rental income with huge potential for redevelopment or multi-purpose use.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$75,000
|
$26.09
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$75,000
|
$26.09
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$18,197
|
$6.33
|
| Net Operating Income |
$56,803
|
$19.76
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $75,000 |
| Annual Per SF | $26.09 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $75,000 |
| Annual Per SF | $26.09 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $18,197 |
| Annual Per SF | $6.33 |
| Net Operating Income | |
|---|---|
| Annual | $56,803 |
| Annual Per SF | $19.76 |
PROPERTY FACTS
| Price | $899,900 | Property Subtype | Apartment |
| Price Per Unit | $224,975 | Building Class | C |
| Sale Type | Investment | Lot Size | 10.09 AC |
| Cap Rate | 7.33% | Building Size | 2,875 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1950 |
| Price | $899,900 |
| Price Per Unit | $224,975 |
| Sale Type | Investment |
| Cap Rate | 7.33% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 10.09 AC |
| Building Size | 2,875 SF |
| No. Stories | 1 |
| Year Built | 1950 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
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871 Corkery Ln
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