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108 Arrowhead Ct Phillipsburg, NJ 08865

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For Sale
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48-unit apartment complex with value-add opportunity in Phillipsburg, New Jersey.

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Listing Contact
Robert Holland
Source: Kislakrealty

Listing Agent: Robert Holland

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Overview

Well-Maintained Apartment Complex in Phillipsburg

Southgate Apartments, a well-maintained 48-unit apartment complex in Phillipsburg, New Jersey, is available to qualified investors. Offered for the first time in nearly 40 years, this property presents a value-add opportunity, with current rents approximately 15% below market value. Many units have already been upgraded, allowing for further value enhancement through strategic improvements and rental growth. The property features newly remodeled kitchens with stainless steel appliances, in-unit washer and dryer, free parking, gas heat and central air, balcony, spacious closets, and luxury plank floors. All roofs were replaced between 2011 and 2019. Southgate Apartments is located approximately 2 miles from Routes 78 and 22, approximately 2.1 miles from major retailers such as Walmart, Target and Shoprite, approximately 4 miles from downtown Easton, and approximately 19 miles from Allentown. This is an opportunity to acquire a stable, income-producing asset with upside in a growing market.
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Location Insight

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City
Phillipsburg
County
Warren
State
New Jersey
Longitude
-75.167094
Latitude
40.677979

FAQs

What type of property is this?
Apartment building - 48-unit apartment complex with value-add opportunity in Phillipsburg, New Jersey.
Where is this apartment building located?
The property is located at 108 Arrowhead Ct Phillipsburg, NJ.
What are key features of this property?
This property features: - Value-add opportunity with rents 15-20% below market.; - Well-maintained 48-unit apartment complex.; - First time on the market in nearly 40 years.
More about this property
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