153 New Freedom Rd Berlin, NJ 08009

Welcome to 53 New Freedom Road, an exceptional triplex located at the entrance of one of Berlin Borough's premier neighborhoods! This well-maintained property features three distinct residential units : two spacious 2-bedroom, 1-bath apartments and a cozy 1-bedroom, 1-bath apartment . Each unit is equipped with separate utilities , ensuring independence for residents. The property has undergone recent upgrades, including brand new boilers and hot water heaters installed within the last year, providing reliable comfort for all tenants. Each apartment has its own private entrance and designated parking area , maximizing both privacy and convenience. Situated on a generous .91-acre lot , this property not only offers an ideal multi-family living arrangement but also presents an enticing subdividable potential . The lot measures 99 feet deep from Chilemi Court and extends 400 feet along the same road, providing ample space for outdoor activities or future development opportunities. With an annual rental income of $46,800 and total operating expenses of $4,725 , the property boasts a strong Net Operating Income (NOI) of $42,074.80 . This translates to an impressive Capitalization Rate (Cap Rate) of approximately 8.01% and a Return on Investment (ROI) of 8.01% , highlighting its strong cash flow potential. Additionally, the Gross Rent Multiplier (GRM) stands at 11.21 , indicating a favorable investment compared to local market standards. Located in a friendly community, 153 New Freedom Road offers easy access to local amenities, schools, and parks, while providing convenient transportation routes. This is a fantastic investment opportunity or a perfect multi-family living arrangement. Don’t miss your chance to own a property with endless potential in a sought-after location! Whether you're looking to maintain the current triplex model for rental income or explore future subdivision possibilities, this property is ready to deliver value now and into the future. Contact us today for more details! County: CAMDEN MLS Area: Berlin Boro (20405) High School: EASTERN H.S. (CAMDEN NJ) HighSchoolSource: Listing Agent Elementary School: BERLIN COMMUNITY E.S. (CAMDEN NJ) MiddleSchoolSource: Listing Agent School District Name: BERLIN BOROUGH PUBLIC SCHOOLS ElementarySchoolSource: Listing Agent Middle Or Junior School: BERLIN COMMUNITY SCHOOL (CAMDEN NJ) School District County ID: 300200396980