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830 Longwood Avenue

CHERRY HILL, NJ 08002
  • $16,000,000
  • STATUS: Active
  • ON SITE: 46 Days
  • ID#: NJCD2009480
UPDATED: 54 min ago
$16,000,000
  • 0
    BEDS
  • 0.51
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,224
    SQFT
  • $13,072
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1910
County:

School Ratings & Info

Description

Unique investment opportunity. Offering a 71 unit portfolio made up of predominately 3 bedroom 1 to 2 bathroom single family homes based in owner occupied neighborhoods. Proforma Cap Rate as high as 5.87%, but potential for increase in overall rent roll. $940,000 Proforma NOI. There is a significant upside in future rent roll and overall equity. This is a portfolio sale, not a single property.

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Crews Real Estate | EXP Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-12-08T09:51:21.107.
www.crewsrealestate.com/homes/122673768
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830 Longwood Avenue CHERRY HILL, NJ 08002

  • Price: $16,000,000
  • Status: Active
  • On Site: 46 Days
  • Updated: 54 min ago
  • ID#: NJCD2009480
0
Beds
0
Baths
0
½ Baths
0.51
Acres
1,224
SQFT
$13,072
$/SQFT
1910
Built
Neighborhood:
Cherry Hill Twp (20409)
County:
Camden
Area:
Cherry Hill Twp (20409)
School District:
Cherry Hill Township Public Schools
Property Description
Unique investment opportunity. Offering a 71 unit portfolio made up of predominately 3 bedroom 1 to 2 bathroom single family homes based in owner occupied neighborhoods. Proforma Cap Rate as high as 5.87%, but potential for increase in overall rent roll. $940,000 Proforma NOI. There is a significant upside in future rent roll and overall equity. This is a portfolio sale, not a single property.
Exterior Features

Architectural Style Ranch/RamblerColonialCape Cod Construction Materials Frame Garage YN No Other Structures Above GradeBelow Grade Parking Types Other Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 1224 Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Other Fireplace YN No Fireplaces Total 0 Heating Other Heating YN Yes Single Room Units 1 Three Bedroom Units 1 Two Bedroom Units 1

Property Features

Accessibility Features Other Assessment Year 2020 Central Air YN No Cooling Fuel Other Existing Lease Type Yearly Foundation Details Crawl Space Gross Income 1480350.00 Heating Fuel Other Hot Water Other Municipality Cherry Hill Twp Navigable Water YN N Net Operating Income 938580.00 New Construction YN No Number Of Units Leased 71 Number Of Units Total 1 Original MLSNumber 801129733694 Ownership Interest Fee Simple Possession Settlement Property Sub Type Other Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 5182.00 Tax Assessment Amount 127900.00 Tax Lot 00005 Total Actual Rent 1542031.00 Vacation Rental YN No Water Source Public Zoning Residential

Listing courtesy of Keyvest, Llc.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Crews Real Estate | EXP Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-12-08T09:51:21.107.
 
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