6136 Magnolia Ave - Apartments FOR SALE


Pennsauken, NJ 08109- Camden/Pennsauken
$685,000 USD
856-810-5712
6136 Magnolia Ave, Pennsauken, NJ for Sale
$685,000 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

6136 Magnolia Ave
Pennsauken, NJ 08109
Camden/Pennsauken


OVERVIEW

This unique investment opportunity is a one-of-a-kind former Elementary School House located on the border of Cherry Hill and houses three condo units renovated and upgraded throughout. Each condo has a modern/ contemporary style with oversized windows, vaulted 12' high ceilings, and an open and spacious floor plan. Each unit has very desirable features and offers an excellent 2 bedrooms and 1 1/2 bath units, sunlight rooms, laminate floors, updated kitchen and baths, gas heat, central air, in unit washer and dryer, storage closet and tenant parking area along with on street parking. Each condo is deeded separately and range from 1100 sq. ft.-1500 Sq. Ft.. The units could be sold individually but being sold as a package with the building lot. The building is just a short walk to Pennsauken Country Club and minutes to Philadelphia & The Cherry Hill Mall. If the building is not enough this property comes with a buildable lot adjacent to the property on the opposite corner of Scovel Ave & Wisteria Ave. Great opportunity to add to your portfolio with these amazing 3 condos & building Lot.

FOR SALE DETAILS

PRICE

$685,000 USD

PRICE/SF

$98 USD /SF

# OF UNITS

3

PRICE/UNIT

$228,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3 Rental /Condo units & building Lot

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,032 SF

ZONING

K-3

APN/PARCEL ID

27-05412-0000-00001

ASK ABOUT THIS PROPERTY

Jason BensteadBerkshire Hathaway Fox & Roach - Devon-WayneMore Info
856-810-5712

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Jason BensteadBerkshire Hathaway Fox & Roach - Devon-WayneMore Info
856-810-5712

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