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$550,000
0.07 Acres NJCD2125390 MLS 19 DOM ACTIVE Status
One property, four separate income-producing units, and a mix of residential and commercial use that gives an investor multiple ways to generate revenue from a single address. 3400 Cove Rd features three residential units along with a street-level commercial space currently operating as a barber shop. The residential mix includes a 3-bedroom unit and two 2-bedroom units, with finished attic areas adding additional usable room to two of the apartments. The commercial space includes its own half bath and an established tenant. With all four units currently occupied, the income is already in place. Three residential rentals combined with a commercial tenant also create a diversified rent roll rather than relying on a single source of income. Conveniently positioned near major roadways, shopping, public transportation and the surrounding Merchantville and Pennsauken area, the location keeps tenants connected to everyday necessities and employment centers throughout South Jersey and Philadelphia. For the investor looking to add multiple doors without purchasing multiple properties, this is where the opportunity gets interesting. Four occupied units, multiple income streams and a property already producing from day one. Take a closer look at what 3400 Cove Rd could add to your portfolio.

3400 Cove, Merchantville

$4,500,000
0.5700000000000001 Acres NJCD2121240 MLS 64 DOM ACTIVE Status
21-Unit Value-Add Apartment Community | Extensively Renovated | Turnkey Investment Opportunity Property Overview 607 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 Highlights 21 apartment units across three well-maintained residential buildings Extensive property-wide renovation and capital improvement program completed Complete replacement of electrical infrastructure, including new 600-amp services, individual meters, panels, wiring, and transformer Brand-new high-efficiency forced-air heating and central air conditioning installed in every apartment New hot water heaters and plumbing upgrades throughout Renovated kitchens featuring new cabinetry, stainless steel appliances, and dishwashers Updated bathrooms with modern fixtures and finishes New flooring and interior finishes throughout the property New roofs, plywood decking (where required), gutters, windows, and attic insulation Exterior stucco repairs, painting, landscaping, lighting, walkways, mailboxes, and site improvements Individually metered electric service Modern building systems significantly reduce future maintenance and capital costs Strong curb appeal with professionally improved exterior presentation Turnkey investment positioned for long-term stable cash flow Location Located 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 Opportunity 607 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.

607 W Maple Ave, Merchantville

$199,999
0.06 Acres NJCD2008340 MLS 271 DOM ACTIVE UNDER CONTRACT Status
Super charming commercial mixed used in the heart of Merchantville, NJ! The first floor is a spacious, lengthy commercial space that is currently a juice bar. This juice bar is very popular among the neighbors in this area. This same commercial tenant is also renting the top residential unit. It's a perfect business plan, and couldn't get easier to collect the monthly rent. The tenant is paying $1,100 for the commercial space, and $1,100 for the apartment. The commercial space prior to the juice bar used to be a floral shop. As you walk all the way to the back, you will find the huge glass green house. The 2nd floor is a spacious flat with high ceiling as neutral paint. The hardwood floor is in excellent shape. This unit features 3 bedrooms, 1 full bathroom, 1 large kitchen and stackable laundry unit by the kitchen neatly tuck. There is a room behind there, which can be access from the 1st floor, in the back. It is an office that the tenant uses. Through, that room is the access to the roof. The basement is clean, huge and lengthy basement. There are 2 gas meters, 2 electric meters. This space is a great space for a nail salon, boba tea shop, hairsalon, barber, hoagie shop, etc. Endless opportunities. It is the responsibility of the buyers and their agent to verify the zoning and what type of business can be done and, the school district.

22 Centre, Merchantville

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