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42 Oak Ave Glendora, NJ 08029

For Sale
$599,000

Five-unit property, high rental upside, prime location.

Property size:
5,000 SF

Description

Added:
Feb 3, 2025
Days on Market:
315
This exceptional five-unit multi-family property presents a compelling value-add opportunity in the desirable Glendora, NJ area. Situated on a 0.36-acre lot at 42-44 E Oak Avenue, this property offers convenient access to Route 42 and Black Horse Pike, providing effortless commuting and proximity to a wealth of shopping and dining options. The property comprises two buildings. One building, at 44 E Oak Avenue, features two two-bedroom, one-bathroom units, currently occupied by long-term tenants. The other building, at 42 E Oak Avenue, includes two one-bedroom, one-bathroom units and one two-bedroom, one-bathroom unit, also occupied by long-term tenants. Current rental income is significantly below market value, presenting a substantial opportunity for increased profitability through market-rate rent adjustments. Each unit boasts ample yard space, and the property includes a private parking lot for resident convenience. The total square footage of the property is 5,000 square feet. This property is ideally suited for an investor seeking a strong return on investment through rental income enhancement and potential future appreciation. Don't miss this chance to acquire a well-located, multi-family property with significant upside potential.

Property Features for 42 Oak Ave

General Information

Property type
Residential income properties
Square Feet
5,000 SF
Lot Size
15,682 SF

Building Details

Year Built
1940

Property Profile Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Glendora
County
Camden
State
New Jersey
Longitude
-75.03216
Latitude
39.86613

FAQs

What type of property is this?
Residential income property - Five-unit property, high rental upside, prime location.
Where is this residential income property located?
The property is located at 42 Oak Ave Glendora, NJ.
What is the asking price?
The asking price for this property is $599,000.
More about this property
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