3022 Haddonfield RdPennsauken, NJ 08110

For Sale
$1,150,000

Eight-unit property, high rental income

Overview

Added:
Feb 3
Days on market:
39
This exceptional eight-unit multifamily property located at 3022 Haddonfield Road, Pennsauken, NJ, presents a compelling investment opportunity. Spanning 12,950 square feet on a 0.3-acre lot, the property boasts six fully rented residential apartments and two sizable garage/storage units, each equipped with rolling garage doors. The current monthly rental income stands at $9,735, offering significant potential for future revenue growth. The six residential units comprise five two-bedroom, one-bathroom apartments and one one-bedroom, one-bathroom apartment. Each unit is equipped with central air conditioning, individual gas and water meters, and a private washer/dryer, enhancing tenant comfort and convenience. Ample off-street parking is available for residents. The property's strategic location on the border of Pennsauken and Cherry Hill provides easy access to both South Jersey and Philadelphia, attracting a wide pool of potential renters. Its proximity to the Betsy Ross Bridge (less than three miles) further enhances its appeal. This location offers the advantages of Cherry Hill without the higher tax burden, providing an affordable lifestyle with convenient access to both suburban and city amenities. The property's high demand, low vacancy rates, and strong potential for appreciation make it an ideal addition to any investment portfolio. The versatile nature of the property, including the two large garage/storage units, adds to its overall investment value.

Property Details for 3022 Haddonfield Rd

Property type
Residential income properties, Multifamily properties
Square Feet
12,950 SF
Year Built
1987
Lot Size (sq. ft)
13,068 SF

Location Insight

City
Pennsauken
County
Camden
State
New Jersey
Latitude
39.96751
Longitude
-75.0234
3022 Haddonfield Rd, Pennsauken, New Jersey

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3022 Haddonfield Rd
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