Investment Overview

Marcus & Millichap is pleased to present 1102-1116 Highway 77 & 24-36 Oakland St, Bridgeton, NJ 08302, a collection of twenty-four single-family homes and one duplex located in Bridgeton, NJ. All units are consolidated onto two side-by-side parcels, creating a neighborhood feel. All units consist of three bedrooms and a mix of one and two bathrooms, depending on the renovation status of each unit. There are nine units fully renovated and seventeen currently not renovated. Each unit consists of approximately nine hundred square feet which does not include basement square footage. The investment provides an investor the opportunity to acquire twenty-six cash flowing units on day one, with tremendous upside potential, achievable by continuing the renovation across the remaining units. Each of the twenty six units includes a basement that either already has been, or potentially could be, renovated to include extra living space and a working second bathroom. The renovated units are fitted with modern finishes, vinyl plank flooring, and new insulation. Each unit has forced gas heat, separately metered and paid for by the tenant, as well as the electric. Residents enjoy easy access to State Routes 77 and 56 and incredibly easy access to shopping. There is an ALDI grocery store just a five-minute walk South of the property, and a Walmart just a six-minute walk North of the property. There is also a newly constructed Wawa directly across Maple Ave, a mere two-minute walk. Along with multiple other national retailers within similar walking distance of the property, there are also two NJ Transit stops located less than a five-minute walk from the property, the 553 and 410 lines. 553 takes riders into Camden County while the 410 takes commuters into Philadelphia. If commuting via car, residents can get to Philadelphia in an hour and Wilmington, DE in forty-five minutes.