REP | 608 S 5th St, Camden, NJ 08103

608 S 5th St, Camden, NJ 08103

4 Bedrooms / 2 Baths / Multiple Family

Property Status: For Sale | $289,900.00 (Wholesale) |

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New Jersey Camden

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Turn-Key Duplex + POTENTIAL Extra Lot in Camden! 11% Cap Rate, Completely Renovated

Property Status:
For Sale | $289,900.00 (Wholesale)

Property Details:

Property Style:

Duplex

Finished Sq. Ft:

1,904

Basement:

No Basement

Owner/Agent:

Wholesale

Check out this cash-flowing duplex in Camden, NJ—, with potential to build a second multifamily on the extra lot. This property is in excellent condition, fully renovated, and located just 5 minutes from Philly and close to Rutgers Camden in an up-and-coming area.

Features & Highlights:

Units: 2BR/1BA upstairs ($1,500/mo), 2BR/1BA downstairs ($1,365/mo, Sec 8)
Leases: Both rented through end of next year
Tenant Pays All Utilities (Separate Elec, Gas, Water meters)
Public Water/Sewer
Washer/Dryer in each unit
Basement can be rented for storage for extra income
Annual Gross Rent: $34,320
Annual NOI: $31,782
Taxes: Only $1,592 total
Cap Rate: ~11%
ARV: $300,000
Asking: $289,900
Comps

NJCD2078844 418 Pfeiffer St, Camden, NJ 08105 Closed | 12/18/24 Multi-Family $235,000 (only 1bed collecting $800 in rents)

NJCD2072550 330 N 2nd St, Camden, NJ 08102 0.8 mi Closed | 12/31/24 Multi-Family $350,000

Pics
https://drive.google.com/ drive/folders/ 1BPxyXfBivs2NfRBDMa2w9aDe07Cgv O6b?usp=sharing

Legal Disclaimer:
This is a Wholesale Deal. The investor is not selling the property for the seller. The investor has the right to market the property, list the property on the MLS (Multiple Listing Service) and advertise the property on any online or offline marketing source as investor choses in order to find a prospective buyer to assign this contract to for an assignment fee.

Real Estate Promo is not responsible for the properties or the information listed here. Each Property is independently owned. Click on the link above to contact the Property Owner about this property.

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