FULLY Occupied 4-Unit Multifamily. 8.05% CAP | 202 Foundry St
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FULLY Occupied 4-Unit Multifamily. 8.05% CAP 202 Foundry St
4 Unit Apartment Building $900,000 ($225,000/Unit) 8.05% Cap Rate Florence, NJ 08518
Executive Summary
This FULLY occupied 4-unit Multifamily property in Florence, NJ at 202 Foundry Street presents an excellent investment opportunity. The property features four rental units with long-term tenants, offering one 3-Bedroom unit; one 2-Bedroom unit; & two 1-Bedroom units. Conveniently located near I-295 and the NJ Turnpike, it provides easy access to Philadelphia and New York City.
Completely rebuilt property in 2021, including structure/framework, new roof, windows, mechanicals, and significant upgrades throughout each unit. With an Annual Rental Income exceeding $85,000, this property is a profitable investment for buyers seeking stable income.
Please reach out for additional information.
Ideal for seasoned investors or those starting their real estate portfolio, this property offers passive income and wealth-building potential. Don't miss out on owning this fully occupied Multifamily property in a prime location.
Please contact Jon Benstead at (856) 465-9573 for additional information.
Completely rebuilt property in 2021, including structure/framework, new roof, windows, mechanicals, and significant upgrades throughout each unit. With an Annual Rental Income exceeding $85,000, this property is a profitable investment for buyers seeking stable income.
Please reach out for additional information.
Ideal for seasoned investors or those starting their real estate portfolio, this property offers passive income and wealth-building potential. Don't miss out on owning this fully occupied Multifamily property in a prime location.
Please contact Jon Benstead at (856) 465-9573 for additional information.
Property Facts
| Price | $900,000 | Property Subtype | Apartment |
| Price Per Unit | $225,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 8.05% | Building Size | 4,102 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1940/2021 |
| Price | $900,000 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| Cap Rate | 8.05% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,102 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1940/2021 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
Site Amenities
- 24 Hour Access
- Fenced Lot
- Trash Pickup - Curbside
- Key Fob Entry
- Walk-Up
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | 15-00014-0000-00001 | Improvements Assessment | $399,500 |
| Land Assessment | $50,500 | Total Assessment | $450,000 |
PROPERTY TAXES
Parcel Number
15-00014-0000-00001
Land Assessment
$50,500
Improvements Assessment
$399,500
Total Assessment
$450,000
zoning
| Zoning Code | Multifamily |
| Multifamily |
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FULLY Occupied 4-Unit Multifamily. 8.05% CAP | 202 Foundry St
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