50-120 Lincoln Ave - Apartments FOR SALE


Clementon, NJ 08021
$4,500,000 USD
908-415-4176
50-120 Lincoln Ave, Clementon, NJ for Sale
$4,500,000 USD
Apartments - FOR SALE
1/3
null | 6.08% Cap Rate

50-120 Lincoln Ave
Clementon, NJ 08021


OVERVIEW

Presenting an exceptional opportunity for investors seeking to capitalize on a strong multi-family market, this 36-unit property offers a compelling blend of existing income and substantial upside potential. The unit mix includes 12 spacious two-bedroom units and 24 comfortable one-bedroom units, catering to a diverse renter demographic. Some units have already undergone renovations, featuring updated kitchens, bathrooms & flooring. However, a significant portion of the property still presents ample opportunity for further value creation. Strategic renovations and upgrades, such as modernizing interiors, improving curb appeal, can unlock substantial rental income growth and property appreciation.Situated in Clementon ,NJ , the property benefits from shopping, transportation & kid friendly parks.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$110 USD /SF

# OF UNITS

36

PRICE/UNIT

$125,000

CAP RATE

6.08%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tanglewood Gardens

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

55

LAND DETAILS

LAND ACRES

0.01 AC

LAND SF

592 SF

ZONING

R3, Clementon Boro

APN/PARCEL ID

11-00024-0000-00011-50

ASK ABOUT THIS PROPERTY

Yechiel SchwartzINVESTORS EDGE REALTYMore Info
908-415-4176

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Yechiel SchwartzINVESTORS EDGE REALTYMore Info
908-415-4176

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