Turnkey Apartment Investment
105 105-107 Atlantic St Bridgeton, NJ 08302
New
105 105-107 Atlantic St, Bridgeton, NJ, 08302
$699,000
For Sale
$699,000
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 Market3
Property Features for 105 105-107 Atlantic St
General Information
- Standard status
- Active
- Size
- 2,928 SF
Building Details
- Year Built
- 1900
Listing agency
Keller Williams Realty Monmouth/Ocean
(732) 942-5280
Listed by
Efrayim Lax · License #1751383
Source
Kandorre
Added: Jul 21 Updated: Jul 22 at 5:08PM Checked: Jul 22 at 5:08PM
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
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
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.2k | $23.28 |
| − Vacancy | −$4.4k | −$1.51 |
| EGI | $63.7k | $21.77 |
| − OpEx | −$28.7k | −$9.80 |
| NOI | $35.1k | $11.97 |
2,928 SF · lease $23.28/SF/yr · vacancy 6.50% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
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
