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328 Cherry Street

CAMDEN, NJ 08103
  • $175,000
  • STATUS: Active
  • ON SITE: 138 Days
  • ID#: NJCD2056204
UPDATED: 230 min ago
$175,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1899
County:

School Ratings & Info

School District:

Description

Prime Investment Opportunity: Transform a Former Daycare into a Multi-Unit Apartment Complex!Nestled in the heart of Camden, an extraordinary real estate investment opportunity awaits. This property, once a thriving daycare facility, now offers a rare and potentially highly profitable venture - conversion into a multi-unit apartment complex or you have the option to continue to run it as a daycare as everything is already set up for you! What sets this property apart are the two included playground lots, presenting the unique opportunity to expand and construct additional residential units, a key to enhanced property value. While the current zoning is commercial, rest assured, the process to revert it to residential is a navigable path. This location enjoys a strong rental market, consistently in demand for quality residential units.With the potential for a diversified income stream from multiple residential units, your investment promises both stability and substantial profitability. Moreover, real estate often appreciates over time, making this property an ideal choice for long-term value growth. Don't miss out on this exceptional investment opportunity. Contact Jenna Merrill for more information today and set the wheels in motion to realize your vision of a thriving multi-unit apartment complex or daycare business!Please be aware that playground lots 324 and 326 Cherry St., Camden NJ 08103 are also included in the sale of this property.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Murray & Co. Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-28T23:51:32.987.
www.mcre.com/homes/144362581
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328 Cherry Street CAMDEN, NJ 08103

  • Price: $175,000
  • Status: Active
  • On Site: 138 Days
  • Updated: 230 min ago
  • ID#: NJCD2056204
0
Beds
0
Baths
0
½ Baths
0.03
Acres
1899
Built
Neighborhood:
Camden City (20408)
County:
Camden
Area:
Camden City (20408)
School District:
Camden City Schools
Property Description
Prime Investment Opportunity: Transform a Former Daycare into a Multi-Unit Apartment Complex!Nestled in the heart of Camden, an extraordinary real estate investment opportunity awaits. This property, once a thriving daycare facility, now offers a rare and potentially highly profitable venture - conversion into a multi-unit apartment complex or you have the option to continue to run it as a daycare as everything is already set up for you! What sets this property apart are the two included playground lots, presenting the unique opportunity to expand and construct additional residential units, a key to enhanced property value. While the current zoning is commercial, rest assured, the process to revert it to residential is a navigable path. This location enjoys a strong rental market, consistently in demand for quality residential units.With the potential for a diversified income stream from multiple residential units, your investment promises both stability and substantial profitability. Moreover, real estate often appreciates over time, making this property an ideal choice for long-term value growth. Don't miss out on this exceptional investment opportunity. Contact Jenna Merrill for more information today and set the wheels in motion to realize your vision of a thriving multi-unit apartment complex or daycare business!Please be aware that playground lots 324 and 326 Cherry St., Camden NJ 08103 are also included in the sale of this property.
Exterior Features

Construction Materials Vinyl Siding Garage YN No Parking Types On StreetDriveway Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 1036.00 Cooling Central A/C Exclusions Excludes 2 other TVscomputerand printer. Heating Central Heating YN Yes Inclusions Includes microwavetoysbedstablesand chairs. Upstairs TV and everything in basement are also included. Net Square Feet 1306.00

Property Features

Accessibility Features 2+ Access Exits Assessment Year 2022 Business Type Day Care FacilityApartment Building Central Air YN Yes Cooling Fuel Natural Gas Heating Fuel Natural Gas Hot Water Natural Gas Municipality CAMDEN CITY Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 802652311158 Ownership Interest Fee Simple Possession Negotiable Property Sub Type Special Purpose Sale Type Standard Sewer Public SewerPublic Septic Tax Annual Amount 2766.00 Tax Assessment Amount 82300.00 Tax Lot 00016 Vacation Rental YN No Water Source Public Zoning COMMERCIAL

Listing courtesy of EXP Realty, LLC: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Murray & Co. Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-28T23:51:32.987.
 
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