322 Vine St Camden, NJ 08102
- Commercial real estate
- 0.21 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 322 Vine St
- Lot size
- 0.21 lot acres
- Property type
- Commercial real estate
- APN
- 08 00028-0000-00046
- APU
- 800028000000046
Description
This exceptional investment opportunity presents a fully renovated, 10-unit multifamily property located in Camden, NJ's desirable Cooper Point neighborhood. The building, a beautifully repurposed historic firehouse, boasts 10 spacious and modern one- and two-bedroom apartments, each meticulously updated in 2022. Each unit features fresh paint, new flooring, recessed lighting, an open floor plan, contemporary fixtures, in-unit laundry, and stainless steel appliances. Abundant natural light floods each apartment, enhancing their appeal. Individual utility meters provide efficient management. The property sits on a 0.21-acre lot and encompasses 100,000 square feet of living space. Residents enjoy the convenience of private gated off-street parking. Its prime location offers easy access to schools, universities, businesses, local attractions, and public transportation, including bus and train stations. The property's proximity to the Benjamin Franklin Bridge provides quick access to Philadelphia. Furthermore, this turnkey investment is situated within a designated Opportunity Zone, presenting significant tax advantages. This unique property offers a compelling cash-flow opportunity and represents a rare addition to any investment portfolio. The asking price is $2,300,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Camden
- County
- Camden
- State
- New Jersey
- Longitude
- -75.121
- Latitude
- 39.9521
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
