607 W Maple Ave - Apartments FOR SALE


Merchantville, NJ 08109
$4,500,000 USD
856-381-7884
607 W Maple Ave, Merchantville, NJ for Sale
$4,500,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

607 W Maple Ave
Merchantville, NJ 08109


HIGHLIGHTS

  • Close proximity to Philadelphia
  • Minutes from Merchantville Main Street
  • Newly Renovated

OVERVIEW

21-Unit Value-Add Apartment Community | Extensively Renovated | Turnkey Investment Opportunity Property Overview 607 W. Maple Avenue presents the opportunity to acquire a substantially renovated 21-unit multifamily community consisting of three residential buildings in the desirable Borough of Merchantville, Camden County, New Jersey. Current ownership has completed an extensive capital improvement program that has transformed the property into a modern, turnkey investment with significantly reduced deferred maintenance and strong long-term income potential. Over the course of ownership, nearly every major building system has been replaced or upgraded, including electrical, HVAC, roofing, windows, plumbing, insulation, and apartment interiors. These improvements provide investors with a stabilized asset requiring minimal near-term capital expenditures while offering modern amenities that attract and retain quality tenants. Investment Highlights 21 apartment units across three well-maintained residential buildings Extensive property-wide renovation and capital improvement program completed Complete replacement of electrical infrastructure, including new 600-amp services, individual meters, panels, wiring, and transformer Brand-new high-efficiency forced-air heating and central air conditioning installed in every apartment New hot water heaters and plumbing upgrades throughout Renovated kitchens featuring new cabinetry, stainless steel appliances, and dishwashers Updated bathrooms with modern fixtures and finishes New flooring and interior finishes throughout the property New roofs, plywood decking (where required), gutters, windows, and attic insulation Exterior stucco repairs, painting, landscaping, lighting, walkways, mailboxes, and site improvements Individually metered electric service Modern building systems significantly reduce future maintenance and capital costs Strong curb appeal with professionally improved exterior presentation Turnkey investment positioned for long-term stable cash flow Location Located in the heart of Merchantville, the property offers convenient access to Route 38, Route 70, Route 130, Interstate 295, the New Jersey Turnpike, and the Ben Franklin Bridge, providing quick connectivity to Philadelphia and the surrounding South Jersey markets. Residents enjoy proximity to shopping, dining, public transportation, major employers, and recreational amenities. Investment Opportunity 607 W. Maple Avenue represents a rare opportunity to acquire a fully renovated multifamily asset where ownership has already completed the heavy lifting. With modern infrastructure, updated apartment interiors, and significantly reduced deferred maintenance, the property is ideally suited for investors seeking a stabilized, low-maintenance apartment community with long-term appreciation potential in a strong South Jersey rental market.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$224 USD /SF

# OF UNITS

21

PRICE/UNIT

$214,286

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,999 SF

ZONING

C1

APN/PARCEL ID

24-00004-0000-00012

ASK ABOUT THIS PROPERTY

Dawn VaralloBerkshire Hathaway Fox & Roach - Devon-WayneMore Info
856-381-7884

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Dawn VaralloBerkshire Hathaway Fox & Roach - Devon-WayneMore Info
856-381-7884

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