Ivanhoe Apartments 400 N Black Horse Pike 33 Unit Apartment Building $6,855,304 CAD ($207,736 CAD/Unit) 6.30% Cap Rate Blackwood, NJ 08012

Ivanhoe Apartments, located in Blackwood, is a 33-unit residential community comprised entirely of one-bedroom layouts. Each unit offers functional interiors with spacious closets, energy-efficient mini-blinds, and updated kitchens equipped with range ovens, refrigerators, and dishwashers in many units. Select apartments feature private balconies or patios, while others are marketed at a slight discount. In-unit air conditioning provides year-round comfort, and residents benefit from on-site laundry facilities, off-street parking, and pet-friendly policies. With tenants responsible for heat, hot water, and electricity, and with stable occupancy at below-market rents, Ivanhoe presents strong upside potential through targeted interior upgrades, operational efficiencies, and rent repositioning.
The property is strategically located along North Black Horse Pike, a high-visibility corridor with direct access to Route 42 and regional employment hubs. A new roof, completed in 2024, enhances long-term asset durability and reliability. Residents enjoy convenient NJ Transit service, with the nearby Route 168 and Lincoln Avenue stop offering direct access to Philadelphia in just 45 minutes. The community is also near Gloucester Premium Outlets, Cherrywood Plaza, and recreational amenities such as Ron Jaworski’s Valleybrook Country Club. Major employers in the area include Camden County College, Pennco Tech, and Fun City Adventure Park. This prime location, combined with strong regional amenities and employment drivers, positions Ivanhoe Apartments for sustained renter demand and long-term growth potential.
Visit for additional information: https://ivanhoe.hudsonatlantic.com