Fully Occupied 3-Unit Multifamily Investment Opportunity This fantastic 3-unit property offers an excellent opportunity for an investor looking for immediate, positive cash flow with minimal hassle. The building consists of two well-maintained residential apartments and one storefront, all of which are currently leased and fully occupied. Each unit is in very good condition, and all existing leases have approximately one year remaining, providing an investor with stable, predictable rental income from day one. With a strong cap rate, excellent condition, and 100% occupancy, this is a true turn-key investment opportunity. There is no need to wait for vacancies to be filled or undertake significant renovationssimply take ownership and start collecting income. Highlights: 3 total units 2 residential apartments1 storefront/commercial unit 100% occupied All units currently leased Approximately 1 year remaining on existing leases Units in very good condition Strong cap rate Immediate positive cash flow Turn-key investment opportunity A great fit for an investor seeking stable income, solid returns, and a property that is ready to perform from day one.
Multi-familyProperty Type
1951Year Built
2,500 sq ftLot Size
Listed by Richard Bradin• Weichert Realtors-Cherry Hill
Fairview, located between Cooper River Park and the Delaware River waterfront, is a residential and civic Camden neighborhood with rowhouse blocks and pocket parks. The neighborhood’s character concentrates around the Broadway and Kaighn Avenue corridor, where corner stores, takeout counters, and bus stops set a steady street rhythm. The Walt Whitman House and the Battleship New Jersey Museum & Memorial serve as cultural touchstones nearby, with Adventure Aquarium adding a waterfront draw. Brick twins and compact porches define many streetscapes, with small churches and schools punctuating the grid. Green space and river views shape daily routines, while downtown institutions sit a short ride away.
Provided by Walk Score and Local Logic
Market insights
1402 Collings Rd · $350,000
DAYS ON MARKET
51 days
The average home goes pending in 57 days.
SALE-TO-LIST
98.8%
Most homes are selling 1% below list price.
LIST PRICE
$350,000
Median list price in this area is $381,475. (9% higher than this home)
PRICE DROP
0 price drops
10% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
Estimated living area
Long-term existing leases in place
Bedrooms
Three single-room units
One one-bedroom unit
One two-bedroom unit
Heating & cooling
Baseboard hot water heating
Wall-unit cooling (electric)
Natural gas hot water
Exterior features
Lot dimensions approximately 25.00 x 0.00
No tidal water
Home design
Detached structure
2 total levels
Parking
On-street parking
Construction
Brick construction
Block foundation
Above- and below-grade structures
Utilities
Public water
Public sewer
Natural gas available
Financial info
Property owned fee simple
All three units currently leased
Income includes apartment rentals and shop rentals
Rent control not in effect
Other
Estimated year built
Estimated above- and below-grade finished/unfinished area sources
Electricity and solar
View estimated energy costs and solar savings for this home