918 Woodview Ct - Apartments FOR SALE


Williamstown, NJ 08094
$17,000,000 USD
215-531-7028
918 Woodview Ct, Williamstown, NJ for Sale
$17,000,000 USD
Apartments - FOR SALE
1/17
null | 5.61% Cap Rate

918 Woodview Ct
Williamstown, NJ 08094


HIGHLIGHTS

  • Average Household Income: $139,475 in 2-Mile Radius
  • All 3-Bedroom / 2.5-Bathroom Units
  • Attached Garage Parking, Driveway, & Separate Visitor Parking
  • Modern Finishes & In-Unit Washers & Dryers
  • 5 Minutes to Williamstown High School & Middle School
  • 15 Minutes to Rowan University (~2,000 Employees) & Thomas Jefferson University Hospital of Washington Township (~4,000 Employees)

OVERVIEW

Marcus & Millichap is pleased to present The Retreat @ 385, a 38-unit townhome community located in Monroe (Williamstown), New Jersey. The eight-and-a-half-acre property encompasses seven buildings with two of the buildings containing four units and the other five buildings containing six units. The investment provides an investor the opportunity to acquire a newer construction, well-maintained property in a strong rental location, just five minutes from Williamstown Middle & High School, ten minutes from shopping and dining in downtown Monroe, and fifteen minutes from Rowan University in Glassboro (~2,000 Faculty & Staff). With an average household income of $139,475 in an immediate two-mile radius of the property, as well as being located approximately fifteen minutes from Thomas Jefferson University Hospital in Washington Township (~4,000 Employees), the property is well positioned for long-term stability and rental growth. Built in 2023, the 38-unit townhome community is fully comprised of three-bedroom, two-and-a-half bathroom units, measuring approximately 1,500 square feet, each with an attached one-car garage, one-car driveway, and patio. Each unit is finished with vinyl plank floors, quartz countertops, stainless steel appliances, modern white cabinetry, and refreshing seaside tile backsplash. Some notable in-unit amenities include a full-size washer and dryer, smart home technology, spacious walk-in closets, tankless water heaters, and master suites with en suite bathroom and double vanity. Residents enjoy easy access to Route 322, the Black Horse Pike, and the Atlantic City Expressway, all within five miles from the property and the nearest NJ Transit stop is located just three miles from the property. Residents can reach Center City Philadelphia in approximately thirty minutes and the Jersey Shore in approximately forty-five minutes. The asset offers an investor value in an area experiencing a steady influx of growing families, empty nesters, and a rapidly-growing economy. The Retreat @ 385 offers an investor the unique opportunity to acquire a newer construction asset with a desirable unit mix in an affluent submarket with long-term stability and growth.

FOR SALE DETAILS

PRICE

$17,000,000 USD

PRICE/SF

$425 USD /SF

# OF UNITS

38

PRICE/UNIT

$447,368

CAP RATE

5.61%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Retreat @ 385

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

8.4 AC

LAND SF

365,904 SF

ZONING

R2

APN/PARCEL ID

11-12901-0000-00018

ASK ABOUT THIS PROPERTY

Carson RooneyMarcus & MillichapMore Info
215-531-7028

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Carson RooneyMarcus & MillichapMore Info
215-531-7028

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