322 Vine St Camden, NJ 08102-2043
This exceptional investment opportunity presents a fully renovated, 10-unit multifamily property located in Camden, NJ's desirable Cooper Point neighborhood. The building, a beautifully repurposed historic firehouse, boasts 10 spacious and modern one- and two-bedroom apartments, each meticulously updated in 2022. Each unit features fresh paint, new flooring, recessed lighting, an open floor plan, contemporary fixtures, in-unit laundry, and stainless steel appliances. Abundant natural light floods each apartment, enhancing their appeal. Individual utility meters provide efficient management. The property sits on a 0.21-acre lot and encompasses 100,000 square feet of living space. Residents enjoy the convenience of private gated off-street parking. Its prime location offers easy access to schools, universities, businesses, local attractions, and public transportation, including bus and train stations. The property's proximity to the Benjamin Franklin Bridge provides quick access to Philadelphia. Furthermore, this turnkey investment is situated within a designated Opportunity Zone, presenting significant tax advantages. This unique property offers a compelling cash-flow opportunity and represents a rare addition to any investment portfolio. The asking price is $2,300,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.