215 41 St Pennsauken Township, NJ 08110
- Commercial real estate
- 0.06 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 215 41 St
- Year built
- 1954
- Lot size
- 0.06 lot acres
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents two fully-occupied, two-bedroom, one-bathroom duplex units located at 215 N 41st St, Pennsauken Township, NJ 08110. Built in 1954, this property sits on a 0.06-acre lot and offers a compelling combination of strong current performance and significant upside potential. Currently generating $47,112 in Net Operating Income (NOI) with a 7.20% capitalization rate, pro-forma NOI is projected at $55,206, representing an 8.50% pro-forma cap rate. Each unit boasts private laundry facilities and individually metered utilities, ensuring efficient management and maximizing rental income. Residents enjoy ample off-street parking and a large shared backyard. The property's strategic location provides easy access to major roads and bridges, offering convenient commutes to Philadelphia and nearby amenities. This property is being sold as a package with a neighboring duplex (MLS# NJCD2074734, Tax ID #: 08-01034-00029) for a combined price of $650,000, but is also available for purchase individually for $325,000. This presents a rare chance to acquire high-performing rental properties in a desirable, appreciating area, ideal for both seasoned investors and first-time buyers seeking substantial returns.
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
- Pennsauken Township
- County
- Camden
- State
- New Jersey
- Longitude
- -75.070708539662
- Latitude
- 39.953949390247
