705 Collings Ave, Collingswood, NJ 08107

Property Description

Turn-Key Triplex in the Heart of Collingswood! This well-maintained, income-producing property offers an excellent investment opportunity with $61,620 in current annual gross rental income. The property features an ideal three-unit layout with two spacious 2-bedroom units and one 1-bedroom unit, providing strong rental versatility in a highly desirable location. Conveniently located just minutes from the PATCO Speedline, downtown Collingswood, restaurants, shopping, and local amenities, the property offers both tenant appeal and long-term investment potential. Each unit has separate electric, while tenants are responsible for water/sewer and a portion of the gas heat, helping streamline owner operating expenses. Owner expenses include annual property taxes, quarterly CCUMA fees, and the remaining portion of the gas heat. The property currently has established tenants in place and offers additional value-add potential for the next owner. Seller is willing to consider competitive offers, including requests for closing-cost assistance. A strong opportunity for an investor seeking an income-producing multifamily property in a highly sought-after Collingswood location.