101 E Camden Ave - Apartments FOR SALE


Moorestown, NJ 08057
$7,000,000 USD
215-454-2852
101 E Camden Ave, Moorestown, NJ for Sale
$7,000,000 USD
Apartments - FOR SALE
1/7
null | 6.3% Cap Rate

101 E Camden Ave
Moorestown, NJ 08057


HIGHLIGHTS

  • Outstanding Unit Mix: All 2-Bedroom/1-Bath Townhome Units with Private Entrances
  • Below Market Rents: 10% Upside Potential with No Work Needed to Units to Obtain
  • Prime Moorestown Location: Walking Distance to High End Retail, Restaurants, and Public Transit
  • Top Rated School District: Situated within the Highly-Regarded Moorestown Township Public School District
  • Attractive Product Type: Low Density Garden-Style Layout with Private Entrances & Ample Off-Street Parking

OVERVIEW

Moorestown Oaks Apartments is a 32-unit multifamily community located in the highly sought-after township of Moorestown, New Jersey. Situated on East Camden Avenue, the Property offers suburban charm with direct access to shopping, employment hubs, and is a short drive/train to Downtown Philadelphia - all while being in one of Burlington County’s most desirable and affluent submarkets. Moorestown Oaks consists of (32) two-bedroom/one-bath units, each approximately 850 square feet. The unit mix includes 24 original units and 8 newly renovated units, allowing for a dual-pronged value strategy: realize the pro forma rent lift from under-market leases and capitalize on strong in-place income from newer units. The property is 97% occupied with a single vacancy, and the average in-place rent of $1,647 trails the market-supported pro forma rent of $1,811, presenting a clear 10% revenue growth opportunity without significant capital outlay. Ownership has invested more than $120,000 in interior and exterior capital improvements, including appliances, modern finishes, and a handful of fully renovated apartments. Future owners may further enhance value by upgrading older unit interiors to match the rent premiums being captured in the newly completed apartments, which are already achieving up to $1,995 per month. Moorestown Oaks offers potential buyers excellent upside potential in an “A” location. Operating expenses remain efficient at under 30% of effective gross income, supported by low real estate taxes, municipal trash pickup, and no sewer costs. Pro forma projections assume market-rate management, conservative vacancy, and stabilized payroll and repair estimates—all supported by current T-12 actuals. Residents benefit from the Property's private entrances, ample parking, and low-density site layout, all contributing to its strong occupancy and tenant retention. The location also provides quick access to Route 38, I-295, and Center City Philadelphia (20 minutes), making it attractive for professionals, families, and commuters alike. Moorestown Oaks Apartments presents an exceptional investment opportunity offering stabilized in-place cash flow, clear value-add upside, and a trophy location in one of South Jersey’s most reliable rental markets. With a proven operating history, recent capital improvements, and an institutional-quality submarket, this asset is ideally suited for investors seeking yield with long-term growth potential.

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$233 USD /SF

# OF UNITS

32

PRICE/UNIT

$218,750

CAP RATE

6.3%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Moorestown Oaks Townhouse Community

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

60

LAND DETAILS

LAND ACRES

2.21 AC

LAND SF

96,220 SF

ZONING

R3, Moorestown Twp

APN/PARCEL ID

22-01301-0000-00036

ASK ABOUT THIS PROPERTY

215-454-2852

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215-454-2852

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