2624-2626 Federal StCamden, NJ 08105

This Camden, New Jersey mixed-use property presents a compelling investment opportunity. The fee-simple offering encompasses a three-story building totaling 9,000 square feet, featuring nine one-bedroom apartments (each approximately 650 square feet) and two commercial spaces – a convenience store and an auto detailing office. Currently operating at 100% occupancy, the property boasts a strong NOI of $84,201, yielding an 8.42% cap rate with a pro-forma cap rate of 9.32%. The apartments underwent renovations in 2019, and the building features a new roof (2019) with a 25-year warranty. Ten parking spaces are available. The convenience store lease extends to June 30, 2031, and the office lease expires July 15, 2025. Annual rent bumps of 3% provide additional income growth potential. Located at 2624-2626 Federal Street, this property is conveniently situated near I-676, providing easy access to Philadelphia (25 minutes from Philadelphia International Airport and 20 minutes from Center City). Public transportation is within two blocks, offering residents convenient access to the Camden waterfront, surrounding suburbs, and Center City. The property's location also offers proximity to parks and a vibrant "Main Street" atmosphere with nearby retail and dining options. The asking price is $1,000,000, representing a price per unit of $111,111.11 and a price per square foot of $111.11. This property is located in a Qualified Opportunity Zone.