10 Apartments 8% cap rate ! 2020 Woodlynne Ave 10 Unit Apartment Building $2,074,819 CAD ($207,482 CAD/Unit) 8.04% Cap Rate Oaklyn, NJ 08107
EXECUTIVE SUMMARY
Ten unit 2-story apartment complex now available! Great location just off Route 130, 5 minutes to Philadelphia close to exit 3 of the NJ Turnpike. 10 Units fully occupied and updated throughout each unit. Excellent investment property with good income and rental history. Two story building around 5600 sq. ft. with separate entrances for each tenant and balcony on the second floor. All units are contiguous 1 bedroom 1 bath units with excellent income and room for upside with the average 1 Bedroom unit in the area going for $13500/month. Upgraded throughout with electrical upgrades, newer roof in 2022, mechanicals, all units have been redone throughout. Possible income of over $16,000 per month gross at market value. The current Monthly income is around $13,000 per month with the average rent around $1295/month. Great investment opportunity to add to your portfolio with great upside. Call or email for complete details.
*This is an exclusive offering and confidential Sale- please contact Jason or Dawn for complete details and Financials
*This is an exclusive offering and confidential Sale- please contact Jason or Dawn for complete details and Financials
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$166,701
|
$29.77
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$166,701
|
$29.77
|
| Net Operating Income |
-
|
-
|
PROPERTY FACTS
| Price | $2,074,819 CAD |
| Price Per Unit | $207,482 CAD |
| Sale Type | Investment |
| Cap Rate | 8.04% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 5,600 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1950/2022 |
| Parking Ratio | 1.07/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | 37-00402-0000-00026 | Improvements Assessment | $257,096 CAD |
| Land Assessment | $55,194 CAD | Total Assessment | $312,290 CAD |
