UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Upper Deerfield Twp
MLS Listing ID NJCB2031814
Year Built 1960
Annual Tax Amount $58,259
Tax Year 2026
Lot Size 3.950 Acres
Acres 3.95
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
This portfolio offers an excellent blend of immediate cash flow and long-term value-add potential. The units feature three-bedroom floor plans with a mix of one- and two-bathroom layouts, depending on the renovation status of each home. Approximately 900 square feet in size, not including basement space, five of the homes also include finished basements with additional living space and a full bathroom. Nine units have been fully renovated with modern finishes, luxury vinyl plank flooring, updated kitchens, and remodeled bathrooms, while seventeen units remain unrenovated, providing significant upside for future improvements. Two additional homes are currently undergoing renovations.
Each residence is separately metered, with tenants paying their own natural gas, electric, water, and sewer utilities, helping to reduce owner operating expenses. Every home is equipped with forced-air natural gas heat, making this a low-maintenance investment with strong income potential. Investors have the opportunity to continue renovating the remaining units to further increase rental income and overall portfolio value.
Ideally situated with convenient access to State Highway 77 and State Highway 56, the property offers easy commuting throughout South Jersey, as well as quick access to Pennsylvania, Delaware, and the Jersey Shore. The surrounding area is a well-established commercial corridor featuring numerous national retailers and local businesses within approximately one mile; including Super Walmart, Wawa, ShopRite, ALDI, Ollie's Bargain Outlet, Tractor Supply, Chipotle, Dunkin', Planet Fitness, Pizza Hut, McDonald's, Burger King, multiple financial institutions, and the New Jersey State Police Barracks.
For qualified investors, a T-12 and a Conceptual Redevelopment Plan outlining potential retail pad site opportunities are available upon request, making this offering attractive not only as a stabilized income-producing asset but also as a potential future redevelopment opportunity. Additional professional photos, financial information, rent roll, and property details will be released soon. Contact us today for additional information and to request the complete investment package.
Location
State NJ
County Cumberland
Area Upper Deerfield Twp (20613)
Zoning 4C-APARTMENT
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 50.0
Water Access N
Accessibility 2+ Access Exits
Total Parking Spaces 50
Garage N
Building
Lot Description Additional Lot(s)
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Upper Deerfield Township Public Schools
Others
Tax ID NO TAX RECORD
Ownership Fee Simple
Acceptable Financing Conventional, Private, Cash, Bank Portfolio, Other
Listing Terms Conventional, Private, Cash, Bank Portfolio, Other
Financing Conventional,Private,Cash,Bank Portfolio,Other
Special Listing Condition Standard
Nearby School & Business
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