601 Berkley St - Apartments FOR SALE


Camden, NJ 08103- Lanning Square
$599,000 USD
856-924-9444
601 Berkley St, Camden, NJ for Sale
$599,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

601 Berkley St
Camden, NJ 08103
Lanning Square


HIGHLIGHTS

  • Prime Camden Historic District Location
  • Three-Story Mixed-Use Property
  • Strong Investment Potential
  • Recently Restored & Well Maintained
  • Rooftop Deck with City & Waterfront Views

OVERVIEW

601 Berkley St., Camden, NJ — Mixed-Use Investment Opportunity Well-maintained three-story mixed-use building located in Camden’s Historic District, just two blocks from Cooper University Hospital. The property features approximately 1,200 SF of first-floor commercial storefront space with excellent visibility, along with two spacious two-bedroom apartments above. The storefront offers 10-foot ceilings, large bay windows, LED lighting, LVP flooring, 1½ bathrooms, kitchenette, private office with separate entrance, and access to a full basement for additional storage. Each apartment offers nearly 1,200 SF, 2 bedrooms, 1.5 bathrooms, central heat and A/C, a double-sided wood-burning fireplace, and recently updated kitchens, bathrooms, flooring, and paint. Both apartments have access to the recently renovated rooftop deck. Additional features include a recently resealed roof, restored historic exterior, shared laundry room, and rooftop deck offering panoramic Camden City and waterfront views. Current apartment rents are $1,700 and $1,600 per month, with tenants paying electric while ownership covers water/sewer and common-area utilities. Current rents are roughly 15-20% under market for the location. A strong opportunity for an owner-user, investor, or mixed-use commercial/residential portfolio.

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$166 USD /SF

# OF UNITS

3

PRICE/UNIT

$199,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Berkley Hall

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1889

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,407 SF

ZONING

Mixed Use

APN/PARCEL ID

08-01408-0000-00088

ASK ABOUT THIS PROPERTY

Nicholas RaioPenzone RealtyMore Info
856-924-9444

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Nicholas RaioPenzone RealtyMore Info
856-924-9444

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