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Multifamily

Collingswood Portfolio

15 E Browning Rd, Collingswood, NJ 08108

Listing Price: $2,150,000

Cap Rate
6.98%
Number of Units
17
GRM
6.94
Occupancy
95.0%
Price/Unit
$126,471

Investment Overview

Marcus & Millichap is pleased to present for sale the Collingswood Portfolio - A 17-unit apartment portfolio spread out over two buildings located in Collingswood, NJ. The addresses are 15-21 E Browning Road (8 units) and 18-24 Pacific Avenue (9 units). The buildings are located a quarter of a mile from each other, and contain 17 one-bedroom units total. The properties have been kept in good condition due to the owner’s keen attention to detail over the past ten years of ownership.

The Borough of Collingswood is home to more than 14,000 people, and is located in the highly desirable and densely populated South New Jersey market. The property is situated right off Haddon Avenue, which is the main road in town and provides easy access to the many nearby restaurants and stores in Downtown Collingswood. The Collingswood Train Station is located close by and provides westbound service to Philadelphia and eastbound to Lindenwold.

The Property represents a rare opportunity to acquire an apartment community in the highly desirable South Jersey rental market. The market average for competing one-bedrooms ($1,506) in the submarket is 12.3% greater than the average rents of the Collingswood Portfolio. The below-market rents allow for investors to come in and make renovations to see a substantial growth in rents.

Investment Highlights

  • 17 Units in Collingswood, Camden County, New Jersey
  • Two Buildings Located 1/4 Mile from Each Other
  • Value-Add Potential - Half of the Units are Renting Significantly Below-Market
  • Private Entrances for Majority of Units
  • Ample Off-Street Parking for Tenants

Exclusively Listed By

  • Andrew Townsend

    Senior Vice President Investments

    (215) 531-7020

    Email Andrew

    License(s): PA: RS304074, DE: RS-0019885, NJ: 680787

    Philadelphia

  • Clarke Talone

    First Vice President Investments

    (215) 531-7021

    Email Clarke

    License(s): PA: RS299113, DE: RS-0019808, NJ: 0787408

    Philadelphia

Broker of Record

  • John Horowitz

    Senior Vice President/Division Manager

    (201) 742-6100

    License(s) NJ: 2192359

    New Jersey

Financing By

Multifamily

Collingswood Portfolio

Listing Price: $2,150,000

Cap Rate
6.98%
Number of Units
17
GRM
6.94
Occupancy
95.0%
Price/Unit
$126,471

Investment Highlights

  • 17 Units in Collingswood, Camden County, New Jersey
  • Two Buildings Located 1/4 Mile from Each Other
  • Value-Add Potential - Half of the Units are Renting Significantly Below-Market
  • Private Entrances for Majority of Units
  • Ample Off-Street Parking for Tenants

Investment Overview

Marcus & Millichap is pleased to present for sale the Collingswood Portfolio - A 17-unit apartment portfolio spread out over two buildings located in Collingswood, NJ. The addresses are 15-21 E Browning Road (8 units) and 18-24 Pacific Avenue (9 units). The buildings are located a quarter of a mile from each other, and contain 17 one-bedroom units total. The properties have been kept in good condition due to the owner’s keen attention to detail over the past ten years of ownership. The Borough of Collingswood is home to more than 14,000 people, and is located in the highly desirable and densely populated South New Jersey market. The property is situated right off Haddon Avenue, which is the main road in town and provides easy access to the many nearby restaurants and stores in Downtown Collingswood. The Collingswood Train Station is located close by and provides westbound service to Philadelphia and eastbound to Lindenwold. The Property represents a rare opportunity to acquire an apartment community in the highly desirable South Jersey rental market. The market average for competing one-bedrooms ($1,506) in the submarket is 12.3% greater than the average rents of the Collingswood Portfolio. The below-market rents allow for investors to come in and make renovations to see a substantial growth in rents.

Exclusively Listed By

  • Andrew Townsend

    Senior Vice President Investments

    (215) 531-7020

    Email Andrew

    License(s): PA: RS304074, DE: RS-0019885, NJ: 680787

    Philadelphia

  • Clarke Talone

    First Vice President Investments

    (215) 531-7021

    Email Clarke

    License(s): PA: RS299113, DE: RS-0019808, NJ: 0787408

    Philadelphia

Broker of Record

  • John Horowitz

    Senior Vice President/Division Manager

    (201) 742-6100

    License(s): NJ: 2192359

    New Jersey

Financing By

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