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Property profile & analytics
OFF-MARKET
Commercial real estate

930 22nd St Camden, NJ 08105

0.08 ac lot
Individually Owned 12-yr Hold Absentee Owner Free & Clear
Property ID
US59-2241922
Property summary
AI-generated overview

This exceptional investment opportunity presents a rare chance to acquire a thriving mixed-use property located at 930 N 22nd Street, Camden, NJ. The property encompasses three separate lots and boasts a total of eleven rental units, generating substantial income. The portfolio includes ten efficient rental units, all currently leased, providing a consistent revenue stream. In addition to the efficient units, the property also features two houses: a two-bedroom ranch-style home and a one-bedroom house, both currently occupied by tenants. This diverse mix of rental units caters to a broad range of tenants, ensuring consistent occupancy and rental income. The property also includes a single-car garage, adding further value and utility. The 0.05-acre lot provides ample space for the existing structures and offers potential for future development or expansion, subject to local zoning regulations. The property's strong rental history and diverse unit mix make it an attractive investment for both seasoned and novice investors seeking a stable and profitable venture in a growing market. The asking price of $500,900 reflects the property's significant income potential and its prime location in Camden, NJ. Financial statements and lease agreements are available upon request. This is a turnkey investment opportunity ready to generate immediate returns.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.08 ac (3,498 SF)
APN 08 00856-0000-00075
UPID US59-2241922
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Melvin Alvarez · 12 yrs held
Melvin Alvarez
since 2013
3 recorded transactions
2013
$110,000
2013
$109,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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