611 2Nd StCamden, NJ 08102

Property Details for 611 2Nd St

Year built

1920

Lot size

0.04 AC

Property size (Sq ft)

3,086 SF

Property type

Other multifamily properties

Property subtype

Residential income properties

Description

This exceptional multi-family investment opportunity is located in Camden's thriving Cooper Point neighborhood, just steps from Rutgers University and the Ben Franklin Bridge. The property boasts 3,086 square feet on a 0.04-acre lot and includes five residential units and three garage units. The current rental income stream is diversified across the units. Unit A (efficiency) is leased until February 28, 2025, for $850 per month. Unit B (1-bedroom/1-bathroom) is leased until October 31, 2025, for $750 per month. Unit C (3-bedroom/1-bathroom) is leased until April 30, 2025, for $1,200 per month. Unit 1 (efficiency) is leased until December 31, 2025, for $700 per month. Unit 2 (1-bedroom/1-bathroom) is currently vacant, presenting an immediate opportunity to increase rental income. Two garage units are rented month-to-month at $200 per month each, and the third garage unit is leased until December 31, 2025, for $200 per month. This property offers significant intrinsic value due to the ongoing development and revitalization of Cooper Point. The asking price is $425,000. Group showings are available

Location Insight

City

Camden

County

Camden

State

New Jersey

Latitude

39.9523

Longitude

-75.1235

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