Investment Overview

Marcus & Millichap is pleased to present Browning Apartment Homes, a well-maintained, brown-brick multifamily property located at 9 West Browning Road in Collingswood, New Jersey. The property consists of 18 apartments, including 14 one-bedroom and four two-bedroom units, in an established Haddonfield-area suburb with private entrances, private on-site parking and convenient access to Philadelphia. Browning Apartment Homes offers investors a combination of in-place cash flow, rent-to-market upside and continued value-add potential through targeted unit renovations and future operational improvements. Key Attributes: Well-maintained brick multifamily property with significant capital improvements already completed, including 12 renovated apartments featuring updated kitchens and appliances, new flooring, fresh paint and additional interior improvements. The property also features private entrances, 22+ private parking spaces, on-site laundry and basement storage. Location Strengths: Established Collingswood residential location near Haddon Avenue's restaurants, retail and amenities, with convenient PATCO access to Center City Philadelphia and proximity to Haddonfield, Cherry Hill and Camden. Rental Upside: Current rents are approximately 11% below projected potential rents across the property, providing a new owner with opportunities to push rents toward market through continued rent growth and targeted renovations as units turn. Investment Thesis: In-place cash flow with meaningful rent-to-market upside, significant capital improvements already completed, and additional opportunities to grow NOI through targeted renovations and potential future water and sewer submetering.