5 Apartments 7.90% Cap rate 110 Beloit Ave
5 Unit Apartment Building $970,000 ($194,000/Unit) 7.74% Cap Rate Audubon, NJ 08106
EXECUTIVE SUMMARY
Located in a highly desirable area for rentals, close to downtown surrounded by Haddonfield , Cherry Hill and just minutes to Center City Philadelphia.
This 5 unit apartment complex, fully occupied cash cow waiting to be seized! Located in the heart of Audubon prime location and strong rental history, this property offers an unbeatable return on investment with even more upside. Four of the 5 units have been fully remodeled with excellent, tasteful upgrades throughout. One (1) bedroom Three (2) bedroom One (4) bedroom. The 4 Bedroom unit has a lot of upside...up to $2600 /month per Comps which would bring the total gross income up to $111,000/year.
110 Beloit is located in a quiet neighborhood surrounded by single family homes in a great area and good school systems. The tenants each pay their own utilities, share a large rear yard with parking on the side, laundry in each unit for tenants.
This is an amazing value add property with an already attractive CAP rate of 7.74% with an even higher rate on return with the 4-bedroom unit rented at market value.
Call or email Jason or Dawn for complete details, offering and tours.
This 5 unit apartment complex, fully occupied cash cow waiting to be seized! Located in the heart of Audubon prime location and strong rental history, this property offers an unbeatable return on investment with even more upside. Four of the 5 units have been fully remodeled with excellent, tasteful upgrades throughout. One (1) bedroom Three (2) bedroom One (4) bedroom. The 4 Bedroom unit has a lot of upside...up to $2600 /month per Comps which would bring the total gross income up to $111,000/year.
110 Beloit is located in a quiet neighborhood surrounded by single family homes in a great area and good school systems. The tenants each pay their own utilities, share a large rear yard with parking on the side, laundry in each unit for tenants.
This is an amazing value add property with an already attractive CAP rate of 7.74% with an even higher rate on return with the 4-bedroom unit rented at market value.
Call or email Jason or Dawn for complete details, offering and tours.
PROPERTY FACTS
| Price | $970,000 |
| Price Per Unit | $194,000 |
| Sale Type | Investment |
| Cap Rate | 7.74% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 4,974 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1936 |
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Hardwood Floors
SITE AMENITIES
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | 450 - 500 |
| 2+1 | 2 | - | 500 - 600 |
| 4+1 | 1 | - | 1,300 |
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PROPERTY TAXES
| Parcel Number | 01-00080-0000-00005 | Improvements Assessment | $155,600 |
| Land Assessment | $149,600 | Total Assessment | $305,200 |
