4230 Us-130Willingboro, NJ 08046

This exceptional 12-unit apartment building, located at 4230 N Rt 130 in Willingboro, New Jersey, presents a compelling investment opportunity. Boasting a total of 700,012 square feet, the property features a strong current NOI of $180,000 and a pro-forma NOI of $240,000, reflecting a 7.66% cap rate and a pro-forma cap rate of 10.21%. The asking price is $2,350,000, translating to a price per square foot of $3.36 and a price per unit of $195,833.33. Built in 1960 and extensively renovated in 2023, the property enjoys a 90% occupancy rate. Its prime location on the bustling North Route 130 offers high visibility and easy access, making it an attractive proposition for both investors and owner-users. The property benefits from a permitted commercial zoning designation ("com") and includes a retail store on the Route 130 frontage. The building's recent renovations ensure modern amenities for tenants, while ample parking and space suggest potential for future expansion. This well-maintained property is situated in a convenient location with nearby shopping, restaurants, and public transportation, making it an ideal investment in a dynamic New Jersey commercial market. The property's strong financials and strategic location make it a highly desirable asset.