Paulsboro, NJ
Property Type: MultifamilySize: 50 Units
Price: See Broker for Details
CAP: See Broker for Details
Highlights:
- 5o-Unit Apartment Community Located in Paulsboro, Gloucester County, New Jersey
- Value Add Opportunity: Rents Approximately 20% Below Submarket Averages
- Two-Story Townhouse-Style Units with Private Front and Rear Entrances
- Select Units Updated with New Kitchens, Bathrooms, and Vinyl Plank Flooring
- Strong Location with Easy Access to Major Transportation Routes
- Offered Together or Separately: May be purchased as a portfolio with The Manor
Description:
Marcus & Millichap is pleased to present for sale Cedar Knoll - A 50-unit apartment complex located in Paulsboro, Gloucester County, New Jersey. The property features 18 one-bedroom units and 32 two-bedroom units.
Rents at Cedar Knoll are approximately 20% below-market, giving investors the opportunity to raise rents so they are more in-line with market.
All units are two-story townhouse-style, with private front and rear entrances, as well as a basement. Select units have been updated with new kitchens, appliances, renovated bathrooms, and new vinyl plank flooring.
The property is strategically located, providing easy access to major transportation routes, including Interstate 295 and the Delaware Memorial Bridge.
Cedar Knoll is being offered as a portfolio, along with The Manor, or as a separate offering.
Please reach out to listing agent Andrew Townsend for additional details about this offering at 215-531-7020
