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Opportunity Zone

Firehouse Lofts

Adaptive Reuse Apartments - x10 units

Listing Contacts

Active

Asking Price: $2,300,000
Address 

322 Vine St, Camden, NJ 08102

Show on Map
Date Added
Oct 18, 2024
Days on Market
148 days
Time Since Last Update
58 days

Details

Property TypeMultifamily
SubtypeApartment Building
Square Footage100,000
Cap Rate7.50%
Pro-Forma Cap Rate7.70%
NOI$172,925
Pro-Forma NOI$177,083
Units10
Year Built2022
Year Renovated2022
Buildings1
ZoningR2
Lot Size (acres)0.21
Parking (spaces)10

Marketing Description

Extraordinary investment opportunity in the highly desirable Cooper Point section of BOOMING Camden! This adaptive reuse apartment building showcases the historic charm of an old firehouse transformed into x10 beautiful one & two-bedroom apartments! Strategically located in one of the top appreciating areas in the US, Firehouse Lofts is situated within walking distance of various schools, universities, company headquarters, local attractions, bus & train stations as well as being just minutes from the Benjamin Franklin Bridge with easy access to Philadelphia.​ The building is also located within a certified Opportunity Zone! Completely renovated in 2022, the property is 100% turnkey & just waiting for an investor! Spacious & open units feature fresh custom paint job, all new flooring, recessed lighting, open floor plan, contemporary fixtures, in-unit laundry, stainless steel appliances throughout & are flooded with an abundance of natural light.​ the building also includes separate utilities within each unit.​ Property also offers the novelty of private gated off-street parking.​ This gorgeous building truly presents a unique cash-flow opportunity, establishing Firehouse Lofts as a one-of-a-kind addition to any portfolio.​

**Please reach out to listing agent to schedule - appointment must be confirmed by 6p the day before.​ Group showings ONLY.​ The next proposed Group Showings (not an open house), will be TBD.​ Buyer MUST see property in person before offer will be considered.​**

Investment Highlights

  • PRIME LOCATION

    Situated across the river from Philadelphia, this building is surrounded by opportunity including: multiple universities & health centers, fortune 500 leaders, finance hubs, booming tech sectors & access to the global gateway of the city! The building is also within close proximity of many major roads, bridges & highways as well as various train and bus stations. If this isn’t enough, the building is also located in an opportunity zone!

  • INCREDIBLE BENEFITS FOR MINIMAL WORK

    This beautiful building is guaranteed to generate steady cash flow, especially with it being in one of the highest appreciating cities in America. Take advantage of this fully redone turnkey property, just waiting for an investor!

  • PROMOTE HISTORIC PRESERVATION

    Property originated as a historic firehouse & now offers a completely brand new interior. Building provides an abundance of historic charm while still fully equipped with modern amenities & upgrades.

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$172,925.00
$14,410.42/mo

Valuation Metrics

0
DSCR
7.52%
Cap Rate
7.52%
ROI

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


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