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    611 2Nd St Camden, NJ 08102

    For Sale
    $425,000

    Five Units, Three Garages, High ROI Potential

    Property size:
    3,086 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    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

    Property Features for 611 2Nd St

    General Information

    Property type
    Residential income properties
    Square Feet
    3,086 SF
    Lot Size
    1,742 SF

    Building Details

    Year Built
    1920
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Camden
    County
    Camden
    State
    New Jersey
    Longitude
    -75.12354
    Latitude
    39.95227

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    FAQs

    What type of property is this?
    Residential income property - Five Units, Three Garages, High ROI Potential
    Where is this residential income property located?
    The property is located at 611 2Nd St Camden, NJ.
    What is the asking price?
    The asking price for this property is $425,000.
    (856) 858-2200
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    611 2Nd St Camden, NJ 08102
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    Camden, NJ 08102
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    611 2Nd St Camden, NJ 08102
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