108 Arrowhead Ct Phillipsburg, NJ 08865
48-unit apartment complex with value-add opportunity in Phillipsburg, New Jersey.
Source:
Kislakrealty
Listing Agent: Robert Holland
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
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.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Phillipsburg
- County
- Warren
- State
- New Jersey
- Longitude
- -75.167094
- Latitude
- 40.677979
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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.