11.97 % CAP RATE 156 Chestnut Ave 4 Unit Apartment Building $536,591 CAD ($134,148 CAD/Unit) 11.46% Cap Rate Oaklyn, NJ 08107
INVESTMENT HIGHLIGHTS
- Excellent income
- 4 units fully occupied
- TOUR 8/22 11-1pm
EXECUTIVE SUMMARY
TOUR WILL BE AUGUST 22nd and bids must be in by Friday 5pm. 11-1pm for showing please email or call Dawn or Jason
Excellent investment opportunity located just minutes to Philadelphia in Oaklyn/ Woodlynne, between exit 3 & 4 Of NJ Turnpike, just off Route 42, 676 and 42. Quadplex building with excellent rental history & well maintained. 2 story brick front building with stucco exterior in the rear, separate entrances for tenants, 2-1BR units & 2- efficiency units. Each unit was redone between 2019-2024, hardwood floors throughout, updated baths and kitchens. The 2nd floor has a long-term tenant. Each efficiency unit consists of a large living room/bedroom, a kitchen with eat in space, a walk-through closet to get to the bathroom. The units are set up nicely with open floor plan and spacious with a total square footage of just under 3,000 sq. ft. for the entire building.
This is a great opportunity with tons of upside to add to your portfolio in an area with high demand for rentals. Asking price is $359,000 less than $90,000/ unit with good income will not last long. Call or email for details and more information.
Excellent investment opportunity located just minutes to Philadelphia in Oaklyn/ Woodlynne, between exit 3 & 4 Of NJ Turnpike, just off Route 42, 676 and 42. Quadplex building with excellent rental history & well maintained. 2 story brick front building with stucco exterior in the rear, separate entrances for tenants, 2-1BR units & 2- efficiency units. Each unit was redone between 2019-2024, hardwood floors throughout, updated baths and kitchens. The 2nd floor has a long-term tenant. Each efficiency unit consists of a large living room/bedroom, a kitchen with eat in space, a walk-through closet to get to the bathroom. The units are set up nicely with open floor plan and spacious with a total square footage of just under 3,000 sq. ft. for the entire building.
This is a great opportunity with tons of upside to add to your portfolio in an area with high demand for rentals. Asking price is $359,000 less than $90,000/ unit with good income will not last long. Call or email for details and more information.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$61,503
|
$22.31
|
PROPERTY FACTS
| Price | $536,591 CAD |
| Price Per Unit | $134,148 CAD |
| Sale Type | Investment |
| Cap Rate | 11.46% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Lot Size | 0.06 AC |
| Building Size | 2,757 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1928/2022 |
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