Current Use by Public Records
- Multifamily properties
Property Details for 42 Oak Ave
- Year built
- 1940
- Lot size
- 0.36 lot acres
- Property type
- Multifamily properties
Description
This exceptional five-unit multi-family property presents a compelling value-add opportunity in the desirable Glendora, NJ area. Situated on a 0.36-acre lot at 42-44 E Oak Avenue, this property offers convenient access to Route 42 and Black Horse Pike, providing effortless commuting and proximity to a wealth of shopping and dining options. The property comprises two buildings. One building, at 44 E Oak Avenue, features two two-bedroom, one-bathroom units, currently occupied by long-term tenants. The other building, at 42 E Oak Avenue, includes two one-bedroom, one-bathroom units and one two-bedroom, one-bathroom unit, also occupied by long-term tenants. Current rental income is significantly below market value, presenting a substantial opportunity for increased profitability through market-rate rent adjustments. Each unit boasts ample yard space, and the property includes a private parking lot for resident convenience. The total square footage of the property is 5,000 square feet. This property is ideally suited for an investor seeking a strong return on investment through rental income enhancement and potential future appreciation. Don't miss this chance to acquire a well-located, multi-family property with significant upside potential.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Glendora
- County
- Camden
- State
- New Jersey
- Longitude
- -75.0322
- Latitude
- 39.8661
