Turnkey Apartment Investment
For Sale
$699,000
105 105-107 Atlantic St, Bridgeton, NJ 08302
Package sale includes renovated apartment units across two buildings, with new finishes including kitchens and bathrooms.
Property Size2,928 SF
Price / SF$238.73
Days on Market94
Property Features for 105 105-107 Atlantic St
General Information
Standard status
Active
Size
2,928 SF
Additional Details
Cap Rate
9%
Multifamily Units
8
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
Keller Williams Realty Monmouth/Ocean
Listed By:
Efrayim Lax · License #1751383
(347) 856-6159
Source:
Kandorre
Added: Jul 21
Changed: Oct 6
Last Checked: Oct 7 at 3:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Monmouth/Ocean
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Investment Insights
Based on property information with market context.
This turnkey apartment investment package is offered for sale as a group and includes apartment units across two buildings. The public remarks indicate that all units have been newly renovated, including new carpet and vinyl flooring, fresh interior paint, and updated bathrooms and kitchens.
Unit mix is described as two one-bedroom units, five two-bedroom units, and one three-bedroom unit (as referenced in the remarks). Additional information in the offering notes that the package includes a total of 17 units and is being sold together with 125 W Commerce, as identified by MLS number NJCB2030054.
Interested parties should review the listing details and included MLS documents for the complete configuration of the package and how each building contributes to the stated total unit count.
Unit mix is described as two one-bedroom units, five two-bedroom units, and one three-bedroom unit (as referenced in the remarks). Additional information in the offering notes that the package includes a total of 17 units and is being sold together with 125 W Commerce, as identified by MLS number NJCB2030054.
Interested parties should review the listing details and included MLS documents for the complete configuration of the package and how each building contributes to the stated total unit count.
Key Highlights
- 8‑unit multifamily package in two buildings
- Unit mix includes 2 one‑bedroom, 5 two‑bedroom, and 1 three‑bedroom unit
- All units newly renovated with new carpet and vinyl floors and fresh paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,053
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,060
$701.1K
Cap Rate 7%
$500,757
$500.8K
Cap Rate 9%
$389,478
$389.5K
Market Conditions
NOI Build-Up for 2,928 SF
Gross rent
$68.2K $23.28/SF
− Vacancy
−$4.4K −$1.51/SF
EGI
$63.7K $21.77/SF
− OpEx
−$28.7K −$9.80/SF
NOI
$35.1K $11.97/SF
Area
Cumberland County, NJ
Vacancy
6.50%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,060
Cap Rate 7%
$500,757
Cap Rate 9%
$389,478
Alternative Uses
Best Use
Apartment 5plus
$500.8K
$438.2K – $584.2K
NOI $35,053 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.40M
$3.85M – $5.13M
NOI $307,749 @ 7.0% cap · market cap 44.03%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
843
Businesses Nearby
Explore this area
Business Placement
Demographics for 08302, NJ
47,826
Population
16,038
Households
3
Avg Household Size
36
Median Age
13%
College-Educated
77%
High-School Grad
142.6 sq mi
ZIP Area
335
Density / Sq Mi
$60,301
Median Household Income
$34,137
Median Earnings
$1,351
Median Rent
$202,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Package sale includes renovated apartment units across two buildings, with new finishes including kitchens and bathrooms.
Where is this apartment building located?
The property is located at 105 105-107 Atlantic St Bridgeton, NJ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 8‑unit multifamily package in two buildings; Unit mix includes 2 one‑bedroom, 5 two‑bedroom, and 1 three‑bedroom unit; All units newly renovated with new carpet and vinyl floors and fresh paint
