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503 Delair Ave

$1,500,000

503 Delair Ave, Pennsauken, Nj 08110

Active
Last Updated: 02/12/2025

8.13

Cap Rate

121,923

NOI

Details:
Cap Rate:    8.13%
NOI:    $121,923
Building Size:    3,000 sqft
Year Built:    1920
Price Per Sqft:    $500
Zoning:    RES
Highlights:
  • Days on Market: 427
  • Heating: Radiator
Description:

INCREDIBLE investment opportunity! Fully occupied property located on quiet street near Betsy Ross Bridge featuring x12 one Bedroom units which are completely tenant occupied. x1 unit on the end of the building features two bedrooms. well-maintained Basement has been recently redone & offers new concrete floors & an abundance of extra storage. Conveniently located near various major highways with easy access into Philly for commuters. Landlord to provide DCA with the sale. Great opportunity for landlords as Pennsauken does not require annual registration with the city, only a DCA which was completed earlier last year. You won't want to miss this multi-family property with endless income potential! Offer memorandum w/ rent roll can be found in the Bright documents. Please schedule online - appointment must be confirmed by 6p the day before. Group showings ONLY. The next proposed Group Showing (not an open house), will be Wed 2/5 @ 4:00p.**

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