Share This Listing

Message

964 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

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.

Financial Summary (Actual - 2023)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $102,577 $35.68
Other Income - -
Vacancy Loss - -
Effective Gross Income $102,577 $35.68
Taxes - -
Operating Expenses - -
Total Expenses $24,888 $8.66
Net Operating Income $77,689 $27.02

Financial Summary (Actual - 2023)

Gross Rental Income (CAD)
Annual $102,577
Annual Per SF $35.68
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $102,577
Annual Per SF $35.68
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $24,888
Annual Per SF $8.66
Net Operating Income (CAD)
Annual $77,689
Annual Per SF $27.02

Property Facts

Price $1,230,793 CAD
Price Per Unit $307,698 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 - -
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
11-11002-0000-00003-01
Land Assessment
$115,882 CAD (2025)
Improvements Assessment
$260,908 CAD (2025)
Total Assessment
$376,790 CAD (2025)
  • Listing ID: 34173956

  • Date on Market: 2024-12-12

  • Last Updated:

  • Address: 871 Corkery Ln, Williamstown, NJ 08094

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}