4106-4112 Federal Street | 4106-4112 Federal st
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4106-4112 Federal Street 4106-4112 Federal st
20 Unit Apartment Building $1,800,000 ($90,000/Unit) 9.37% Cap Rate Camden, NJ 08105
Investment Highlights
- x20 1-Bedroom units
- Laundry facilities on-site
- Convenient location with easy access to Philly
Executive Summary
Unique investment opportunity located in BOOMING Camden!!! Apartment building with x20 1 Bedroom units. Property has been well-maintained and several units feature renovated floors, fresh paint & updated fixtures. Fantastic chance to build your portfolio & generate steady income with very little work!! Property also features a shared laundry area & a private lot for resident parking! Close proximity to Philadelphia for an easy commute. You won't want to miss this opportunity - schedule your showing TODAY! This property may be sold individually or in conjunction with the properties listed at 312 N 40th St, Pennsauken, NJ 08110 & 503 Delair Ave, Pennsauken, NJ 08110 for $4.75M for the portfolio. **Please reach out to listing agent with proof of funds to schedule - appointment must be confirmed. The next proposed Group Showing (not an open house), will be Wednesday, August 14th @ 3p**
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$206,460
|
$68.82
|
| Other Income |
$5,820
|
$1.94
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$212,280
|
$70.76
|
| Taxes |
$13,477
|
$4.49
|
| Operating Expenses |
$30,056
|
$10.02
|
| Total Expenses |
$43,533
|
$14.51
|
| Net Operating Income |
$168,747
|
$56.25
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $206,460 |
| Annual Per SF | $68.82 |
| Other Income | |
|---|---|
| Annual | $5,820 |
| Annual Per SF | $1.94 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $212,280 |
| Annual Per SF | $70.76 |
| Taxes | |
|---|---|
| Annual | $13,477 |
| Annual Per SF | $4.49 |
| Operating Expenses | |
|---|---|
| Annual | $30,056 |
| Annual Per SF | $10.02 |
| Total Expenses | |
|---|---|
| Annual | $43,533 |
| Annual Per SF | $14.51 |
| Net Operating Income | |
|---|---|
| Annual | $168,747 |
| Annual Per SF | $56.25 |
Property Facts Under Contract
| Price | $1,800,000 | Property Subtype | Apartment |
| Price Per Unit | $90,000 | Building Class | C |
| Sale Type | Investment | Building Size | 3,000 SF |
| Cap Rate | 9.37% | No. Stories | 2 |
| No. Units | 20 | Year Built | 1910 |
| Property Type | Multifamily |
| Price | $1,800,000 |
| Price Per Unit | $90,000 |
| Sale Type | Investment |
| Cap Rate | 9.37% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Building Size | 3,000 SF |
| No. Stories | 2 |
| Year Built | 1910 |
Site Amenities
- Laundry Facilities
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Walk Score ®
Very Walkable (80)
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4106-4112 Federal Street | 4106-4112 Federal st
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