202 Foundry St - Apartments FOR SALE


Florence, NJ 08518
$900,000 USD
856-446-3541
202 Foundry St, Florence, NJ for Sale
$900,000 USD
Apartments - FOR SALE
1/10
null | 8.05% Cap Rate

202 Foundry St
Florence, NJ 08518


OVERVIEW

This FULLY occupied 4-unit Multifamily property in Florence, NJ at 202 Foundry Street presents an excellent investment opportunity. The property features four rental units with long-term tenants, offering one 3-Bedroom unit; one 2-Bedroom unit; & two 1-Bedroom units. Conveniently located near I-295 and the NJ Turnpike, it provides easy access to Philadelphia and New York City. Completely rebuilt property in 2021, including structure/framework, new roof, windows, mechanicals, and significant upgrades throughout each unit. With an Annual Rental Income exceeding $85,000, this property is a profitable investment for buyers seeking stable income. Please reach out for additional information. Ideal for seasoned investors or those starting their real estate portfolio, this property offers passive income and wealth-building potential. Don't miss out on owning this fully occupied Multifamily property in a prime location. Please contact Jon Benstead at (856) 465-9573 for additional information.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$219 USD /SF

# OF UNITS

4

PRICE/UNIT

$225,000

CAP RATE

8.05%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

FULLY Occupied 4-Unit Multifamily. 8.05% CAP

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

Multifamily

APN/PARCEL ID

15-00014-0000-00001

ASK ABOUT THIS PROPERTY

Jon BensteadBerkshire Hathaway Fox & Roach - Devon-WayneMore Info
856-446-3541

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Jon BensteadBerkshire Hathaway Fox & Roach - Devon-WayneMore Info
856-446-3541

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.