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    601 Cooper St Beverly, NJ 08010

    For Sale
    Contact for pricing

    54 Units, Two Buildings, Development Opportunity

    Property size:
    54,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional multifamily investment opportunity in Beverly, New Jersey, presents two apartment buildings totaling 54 units on a 1.46-acre lot. The property, identified by APN 02-01280-0000-00001, boasts a combined 54,600 square feet of living space. Building A, a four-story structure, comprises 39 units – a mix of 23 one-bedroom and 16 two-bedroom apartments. This building includes eight garages, eight storage closets, and a total of 75 parking spaces. Building B, a three-story building, offers 15 units, consisting of nine one-bedroom and six two-bedroom apartments, along with 30 parking spaces. The address is 601 Cooper St, Beverly, NJ 08010, in Burlington County. This property presents a significant opportunity for developers and investors seeking a substantial multifamily portfolio in a desirable New Jersey location. The existing buildings offer immediate income potential, while the substantial lot size allows for potential expansion or redevelopment. The property's location in Beverly provides convenient access to local amenities and transportation networks. This is a rare chance to acquire a well-positioned multifamily asset with strong potential for future growth and returns.

    Property Features for 601 Cooper St

    General Information

    Property type
    Multifamily properties
    Square Feet
    54,600 SF
    Lot Size
    63,598 SF

    Building Details

    Buildings
    2
    Units
    54

    HighLights

    • Multifamily investment opportunity: Two apartment buildings totaling 54 units in Beverly, NJ.
    • 54,600 square feet on a 1.46‑acre lot.
    • Two buildings: one 4‑story (39 units), one 3‑story (15 units).
    • Unit mix includes one- and two‑bedroom apartments.
    • Ample parking (105 spaces total) and storage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Pharmacy Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Beverly
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.91685003
    Latitude
    40.06211029

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    FAQs

    What type of property is this?
    Multifamily property - 54 Units, Two Buildings, Development Opportunity
    Where is this multifamily property located?
    The property is located at 601 Cooper St Beverly, NJ.
    What are key features of this property?
    This property features: Multifamily investment opportunity: Two apartment buildings totaling 54 units in Beverly, NJ.; 54,600 square feet on a 1.46-acre lot.; Two buildings: one 4-story (39 units), one 3-story (15 units).
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    601 Cooper St Beverly, NJ 08010
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