601 Buttonwood Ave - Apartments FOR SALE


Maple Shade, NJ 08052
$6,750,000 USD
215-454-2852
601 Buttonwood Ave, Maple Shade, NJ for Sale
$6,750,000 USD
Apartments - FOR SALE
1/7
null | 6.2% Cap Rate

601 Buttonwood Ave
Maple Shade, NJ 08052


HIGHLIGHTS

  • Attractive Product Type: Low Density Garden-Style Layout with Private Entrances
  • Long Term Strong Occupancy: Property is Currently 97% Occupied and Historically Runs at 95% or Better
  • Rental Upside Potential: Average Rent in Place is $1490 and Some Units are Getting $1576
  • Access to Highway and Towns: Easy Highway and Public Transit Access to Cherry Hill, Philadelphia, and Downtown Maple Shade

OVERVIEW

Buttonwood Apartments is a well-maintained, 32-unit garden-style multifamily community located in Maple Shade, New Jersey, one of Burlington County’s most strategically positioned suburban markets. Just minutes from Cherry Hill, Moorestown, and Downtown Philadelphia, this asset benefits from immediate access to Routes 38, 73, and 295, and NJ Transit connections to Philadelphia’s urban core. This excellent location, combined with strong in-place income and upside potential, makes Buttonwood an ideal investment for multifamily buyers. Constructed in 1965, Buttonwood Apartments features low-density, two-story construction with pitched roofs and a brick façade. The unit mix consists of 18 one-bedroom and 14 two-bedroom layouts, averaging 665 square feet. Units are separately metered for electric and hot water, and the property benefits from township-provided trash collection, further reducing operating expenses for the owner. The current ownership has made interior enhancements and added new appliances, allowing the next investor to focus on implementing a light value-add program to fully capture upside in the rents. The property is currently 97% occupied, with tenants paying an average in-place rent of $1,492, compared to a market-supported average of $1,570, representing a 5.2% loss-to-lease across the rent roll. Buttonwood’s stable occupancy and proven collections provide a strong foundation for cash flow, while the below-market rents and rising demand in the submarket offer an attractive opportunity for NOI growth. Maple Shade is a high-demand residential area with strong economic and demographic fundamentals. Its proximity to employment centers like Cherry Hill, Mount Laurel, and downtown Philadelphia, as well as to retail anchors like the Moorestown and Cherry Hill Malls, makes Buttonwood a highly attractive living option for renters. The area also features numerous parks, schools, and public services, contributing to consistently high occupancy levels. Buttonwood Apartments is a rare opportunity to acquire a stabilized, income-producing multifamily asset with clear value-add potential, favorable utility structures, and an unbeatable location within a thriving South Jersey submarket. Investors will benefit from immediate in-place income with substantial upside through focused management and strategic renovations, positioning Buttonwood as both a reliable cash-flowing asset and a long-term wealth generator.

FOR SALE DETAILS

PRICE

$6,750,000 USD

PRICE/SF

$450 USD /SF

# OF UNITS

32

PRICE/UNIT

$210,938

CAP RATE

6.2%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Buttonwood Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

4C

APN/PARCEL ID

19-00144-0000-00017

ASK ABOUT THIS PROPERTY

215-454-2852

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

215-454-2852

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