607 W Maple Ave,MERCHANTVILLE, NJ 08109
MERCHANTVILLE, NJ 08109
Description
21-Unit Value-Add Apartment Community | Extensively Renovated | Turnkey Investment OpportunityProperty Overview607 W. Maple Avenue presents the opportunity to acquire a substantially renovated 21-unit multifamily community consisting of three residential buildings in the desirable Borough of Merchantville, Camden County, New Jersey. Current ownership has completed an extensive capital improvement program that has transformed the property into a modern, turnkey investment with significantly reduced deferred maintenance and strong long-term income potential. Over the course of ownership, nearly every major building system has been replaced or upgraded, including electrical, HVAC, roofing, windows, plumbing, insulation, and apartment interiors. These improvements provide investors with a stabilized asset requiring minimal near-term capital expenditures while offering modern amenities that attract and retain quality tenants. Investment Highlights21 apartment units across three well-maintained residential buildingsExtensive property-wide renovation and capital improvement program completedComplete replacement of electrical infrastructure, including new 600-amp services, individual meters, panels, wiring, and transformerBrand-new high-efficiency forced-air heating and central air conditioning installed in every apartmentNew hot water heaters and plumbing upgrades throughoutRenovated kitchens featuring new cabinetry, stainless steel appliances, and dishwashersUpdated bathrooms with modern fixtures and finishesNew flooring and interior finishes throughout the propertyNew roofs, plywood decking (where required), gutters, windows, and attic insulationExterior stucco repairs, painting, landscaping, lighting, walkways, mailboxes, and site improvementsIndividually metered electric serviceModern building systems significantly reduce future maintenance and capital costsStrong curb appeal with professionally improved exterior presentationTurnkey investment positioned for long-term stable cash flowLocationLocated in the heart of Merchantville, the property offers convenient access to Route 38, Route 70, Route 130, Interstate 295, the New Jersey Turnpike, and the Ben Franklin Bridge, providing quick connectivity to Philadelphia and the surrounding South Jersey markets. Residents enjoy proximity to shopping, dining, public transportation, major employers, and recreational amenities. Investment Opportunity607 W. Maple Avenue represents a rare opportunity to acquire a fully renovated multifamily asset where ownership has already completed the heavy lifting. With modern infrastructure, updated apartment interiors, and significantly reduced deferred maintenance, the property is ideally suited for investors seeking a stabilized, low-maintenance apartment community with long-term appreciation potential in a strong South Jersey rental market.
Details
| MLS # | NJCD2121240 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1984 |
| Days On Site | 96 |
| Listing Provided By | BHHS Fox & Roach-Marlton | Dawn Varallo |
Features
| Zoning | R-4 RESIDENTIAL MULTIFAM |
|---|---|
| Acreage | 0.57 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | 90% Forced Air |
Exterior
| Construction Materials | Block |
|---|
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 50717 |
|---|
Area Information
| State | NJ |
|---|---|
| County | CAMDEN NJ |
| City | MERCHANTVILLE |
| Zip Code | 08109 |
| Area | Merchantville Boro (20424) |
| School District | MERCHANTVILLE PUBLIC SCHOOLS |
| Listing VS Median (in 08109) | |
Price: $4,500,000 low | high Med: $350,000 On site: 96 low | high Med: 49 | |
Market Activity 08109
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Learn More About This Property
| State | NJ |
|---|---|
| County | CAMDEN NJ |
| City | MERCHANTVILLE |
| Zip Code | 08109 |
| Area | Merchantville Boro (20424) |
| School District | MERCHANTVILLE PUBLIC SCHOOLS |
| Listing VS Median (in 08109) | |
Price: $4,500,000 low | high Med: $350,000 On site: 96 low | high Med: 49 | |