3022 Haddonfield RdPennsauken Township, NJ 08110

Property Details for 3022 Haddonfield Rd

Year built

1987

Construction

CONCRETE BLOCKS

Lot size

0.30 AC

Property type

Other commercial real estate

APN

27 03601-0000-00004

APU

2703601000000004

Description

This exceptional eight-unit multifamily property located at 3022 Haddonfield Road, Pennsauken, NJ, presents a compelling investment opportunity. Spanning 12,950 square feet on a 0.3-acre lot, the property boasts six fully rented residential apartments and two sizable garage/storage units, each equipped with rolling garage doors. The current monthly rental income stands at $9,735, offering significant potential for future revenue growth. The six residential units comprise five two-bedroom, one-bathroom apartments and one one-bedroom, one-bathroom apartment. Each unit is equipped with central air conditioning, individual gas and water meters, and a private washer/dryer, enhancing tenant comfort and convenience. Ample off-street parking is available for residents. The property's strategic location on the border of Pennsauken and Cherry Hill provides easy access to both South Jersey and Philadelphia, attracting a wide pool of potential renters. Its proximity to the Betsy Ross Bridge (less than three miles) further enhances its appeal. This location offers the advantages of Cherry Hill without the higher tax burden, providing an affordable lifestyle with convenient access to both suburban and city amenities. The property's high demand, low vacancy rates, and strong potential for appreciation make it an ideal addition to any investment portfolio. The versatile nature of the property, including the two large garage/storage units, adds to its overall investment value.

• Alternative Use

  Use

  Valuation

  Residential

  $3,357,785

  Hospitality

  $3,075,713

  Educational

  $2,558,957

  Medical

  $2,646,964

  Retail

  $3,980,600

Location Insight

City

Pennsauken

County

Camden

State

New Jersey

Latitude

39.9675

Longitude

-75.0233

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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