$ 4,500,000
-
$4,500,000
Price -
0
Bed -
0
Bath -
20,094
SqFt
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About the Listing 61053 - 3137145
21-Unit Value-Add Apartment Community | Extensively Renovated | Turnkey Investment Opportunity Property Overview 607 W. Maple Avenue presents the opportunity to acquire a substantially renovated 21-unit multifamily community consisting of three residential buildings in the desirable Borough of Merchantville, Camden County, New Jersey. Current ownership has completed an extensive capital improvement program that has transformed the property into a modern, turnkey investment with significantly reduced deferred maintenance and strong long-term income potential. Over the course of ownership, nearly every major building system has been replaced or upgraded, including electrical, HVAC, roofing, windows, plumbing, insulation, and apartment interiors. These improvements provide investors with a stabilized asset requiring minimal near-term capital expenditures while offering modern amenities that attract and retain quality tenants. Investment Highlights 21 apartment units across three well-maintained residential buildings Extensive property-wide renovation and capital improvement program completed Complete replacement of electrical infrastructure, including new 600-amp services, individual meters, panels, wiring, and transformer Brand-new high-efficiency forced-air heating and central air conditioning installed in every apartment New hot water heaters and plumbing upgrades throughout Renovated kitchens featuring new cabinetry, stainless steel appliances, and dishwashers Updated bathrooms with modern fixtures and finishes New flooring and interior finishes throughout the property New roofs, plywood decking (where required), gutters, windows, and attic insulation Exterior stucco repairs, painting, landscaping, lighting, walkways, mailboxes, and site improvements Individually metered electric service Modern building systems significantly reduce future maintenance and capital costs Strong curb appeal with professionally improved exterior presentation Turnkey investment positioned for long-term stable cash flow Location Located in the heart of Merchantville, the property offers convenient access to Route 38, Route 70, Route 130, Interstate 295, the New Jersey Turnpike, and the Ben Franklin Bridge, providing quick connectivity to Philadelphia and the surrounding South Jersey markets. Residents enjoy proximity to shopping, dining, public transportation, major employers, and recreational amenities. Investment Opportunity 607 W. Maple Avenue represents a rare opportunity to acquire a fully renovated multifamily asset where ownership has already completed the heavy lifting. With modern infrastructure, updated apartment interiors, and significantly reduced deferred maintenance, the property is ideally suited for investors seeking a stabilized, low-maintenance apartment community with long-term appreciation potential in a strong South Jersey rental market.
Listing Highlights
Status
Active
Days on Site
1
Property Type
Commercial Sale
MLS ®
NJCD2121240
Year Built
1984
Total Square Footage
20,094
Lot/Acreage
0.57
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central A/C
- Heating: 90% Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 21
- Lot Dimensions: 100.00 x 250.00
- Zoning: R-4 RESIDENTIAL MULTIFAM
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $50,717
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
607 W Maple Ave Merchantville, NJ 08109
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