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871 Corkery Ln 4 Unit Apartment Building $1,255,918 CAD ($313,980 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 – 10.2 Cleared Acres with Income & Development Potential
Rare opportunity to acquire 10.2 cleared acres in a highly desirable location, featuring a fully occupied 4-family property and an additional vacant building offering endless possibilities. The residential building consists of two 1-bedroom units and two 2-bedroom units, all well-maintained and currently rented on month-to-month leases. Recent upgrades include a newer roof and water softener.
Surrounded by established single-family homes and conveniently located near Philadelphia, Gloucester Premium Outlets, shopping, dining, and public transportation, this property offers strong current cash flow with exceptional potential for redevelopment or a variety of future uses.
Rare opportunity to acquire 10.2 cleared acres in a highly desirable location, featuring a fully occupied 4-family property and an additional vacant building offering endless possibilities. The residential building consists of two 1-bedroom units and two 2-bedroom units, all well-maintained and currently rented on month-to-month leases. Recent upgrades include a newer roof and water softener.
Surrounded by established single-family homes and conveniently located near Philadelphia, Gloucester Premium Outlets, shopping, dining, and public transportation, this property offers strong current cash flow with exceptional potential for redevelopment or a variety of future uses.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$104,671
|
$36.41
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$104,671
|
$36.41
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$25,396
|
$8.83
|
| Net Operating Income |
$79,275
|
$27.57
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $104,671 |
| Annual Per SF | $36.41 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $104,671 |
| Annual Per SF | $36.41 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $25,396 |
| Annual Per SF | $8.83 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $79,275 |
| Annual Per SF | $27.57 |
Property Facts
| Price | $1,255,918 CAD | Property Subtype | Apartment |
| Price Per Unit | $313,980 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 | $1,255,918 CAD |
| Price Per Unit | $313,980 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 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 11-11002-0000-00003-01 | Improvements Assessment | $257,184 CAD (2025) |
| Land Assessment | $114,228 CAD (2025) | Total Assessment | $371,412 CAD (2025) |
Property Taxes
Parcel Number
11-11002-0000-00003-01
Land Assessment
$114,228 CAD (2025)
Improvements Assessment
$257,184 CAD (2025)
Total Assessment
$371,412 CAD (2025)
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871 Corkery Ln
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