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22671650
22671635

2707 Westfield Ave, Camden, NJ 08105

PG
NJ 340986
The Gorman Group
Listed by The Gorman Group
$450,000
426 days on market
Updated 30 days ago

Cramer Hill Quad

Details
Property Type Mixed Use, Multifamily (+1)
Sub Type Apartment Building, Storefront
Square Footage 2,000
Units 8
Cap Rate 9.30%
NOI $46,461
Year Built 1900
Buildings 1
Zoning R-2

Investor Alert!!! Commercial Office Space & Residential Apartments!

Marketing description


INVESTOR ALERT! Mixed use property located in the heart of the Bustling Westfield Business District in the highly desirable Cramer Hill section of BOOMING Camden! 2707 Westfield is a mixed use featuring a commercial space, which is currently occupied by a vape shop. Also includes three 1BD/1BTH apartments - two of three are currently rented. 2709 Westfield offers four 1BD/1BTH apartments - all currently occupied. Unit D provides basement access. Property offers small fenced backyard. Perfectly suited for a savvy investor or an owner occupant looking for easy access to Philly. Can be purchased separately or as a package.

**Please contact The Gorman Group Team for showings - appointment must be confirmed by 6p the day before. Group showings ONLY. The next proposed Group Showing (not an open house), will be TBD.** Buyer MUST see property in person before offer will be considered. Offering memorandum with rent roll attached to listing.

Investment highlights

  • LOCATION, LOCATION, LOCATION

SITUATED IN CRAMER HILL, THIS PROPERTY IS IN ONE OF THE MOST DESIRABLE NEIGHBORHOODS IN THE CITY. NOT TO MENTION, THE CONVENIENT ACCESS TO PHILADELPHIA.

  • DIVERSIFY YOUR PORTFOLIO

WITH 2707 OFFERING THREE 1BD/1BTH UNITS PLUS A COMMERCIAL SPACE PROVIDES THE PERFECT BLEND OF COMMERCIAL & RESIDENTIAL.

  • PRIME RENTAL MARKET

IN AN ALL-TIME HIGH RENTAL MARKET, TAKE ADVANTAGE OF THE END OF UPCOMING LEASE TERMS & BOOST YOUR INCOME WITH MARKET RENT.

Listing Contacts

PG
NJ 340986
The Gorman Group
Listed by The Gorman Group

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$46,461.00
$3,871.75/mo

Valuation Metrics

0
DSCR
10.32%
Cap Rate
10.32%
ROI

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Additional Information

Name
Patrick Gorman
License
340986
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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