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871 Corkery Ln 4 Unit Apartment Building $1,245,831 CAD ($311,458 CAD/Unit) 7.33% Cap Rate Williamstown, NJ 08094
INVESTMENT HIGHLIGHTS
- Surrounded by modern single-family homes • Nearby amenities include: Glouester Outlets, Mins to Philadelphia • Restaurants, Fitness Centers, Wawa
- A great opportunity for long-term growth
- Walmart, Big Banks, and Public Transportation • High-demand area with strong rental income potential
EXECUTIVE SUMMARY
Prime Investment Opportunity – Cleared 10.2 Acres with Income-Producing 4-Family Property!
A rare chance to own 10.2 acres in a highly desirable area, featuring a fully rented 4-family building with month-to-month leases. The property includes two 1-bedroom units and two 2-bedroom units, all well-maintained and equipped with a newer roof and water softener. Surrounded by single-family homes and conveniently located near Philadelphia, Gloucester Outlets, shopping, dining, and public transportation. Strong rental income with significant potential for redevelopment or versatile future use.
A rare chance to own 10.2 acres in a highly desirable area, featuring a fully rented 4-family building with month-to-month leases. The property includes two 1-bedroom units and two 2-bedroom units, all well-maintained and equipped with a newer roof and water softener. Surrounded by single-family homes and conveniently located near Philadelphia, Gloucester Outlets, shopping, dining, and public transportation. Strong rental income with significant potential for redevelopment or versatile future use.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$103,831
|
$36.12
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$103,831
|
$36.12
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$25,192
|
$8.76
|
| Net Operating Income |
$78,639
|
$27.35
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $103,831 |
| Annual Per SF | $36.12 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $103,831 |
| Annual Per SF | $36.12 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $25,192 |
| Annual Per SF | $8.76 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $78,639 |
| Annual Per SF | $27.35 |
PROPERTY FACTS
| Price | $1,245,831 CAD | Property Subtype | Apartment |
| Price Per Unit | $311,458 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 10.09 AC |
| Cap Rate | 7.33% | Building Size | 2,875 SF |
| Sale Condition | Redevelopment Project | No. Stories | 1 |
| No. Units | 4 | Year Built | 1950 |
| Property Type | Multifamily |
| Price | $1,245,831 CAD |
| Price Per Unit | $311,458 CAD |
| Sale Type | Investment |
| Cap Rate | 7.33% |
| Sale Condition | Redevelopment Project |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 10.09 AC |
| Building Size | 2,875 SF |
| No. Stories | 1 |
| Year Built | 1950 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
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