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Buttonwood Apartments 601 Buttonwood Ave 32 Unité Immeuble d’appartements 9 422 460 $ CAD (294 452 $ CAD/Unité) 6,20% Taux de capitalisation Maple Shade Township, NJ 08052
Certaines informations ont été traduites automatiquement.
FAITS SAILLANTS DE L'INVESTISSEMENT
- Attractive Product Type: Low Density Garden-Style Layout with Private Entrances
- Rental Upside Potential: Average Rent in Place is $1490 and Some Units are Getting $1576
- Long Term Strong Occupancy: Property is Currently 97% Occupied and Historically Runs at 95% or Better
- Access to Highway and Towns: Easy Highway and Public Transit Access to Cherry Hill, Philadelphia, and Downtown Maple Shade
RÉSUMÉ DE L'ANNONCE
Buttonwood Apartments is a well-maintained, 32-unit garden-style multifamily community located in Maple Shade, New Jersey, one of Burlington County’s most strategically positioned suburban markets. Just minutes from Cherry Hill, Moorestown, and Downtown Philadelphia, this asset benefits from immediate access to Routes 38, 73, and 295, and NJ Transit connections to Philadelphia’s urban core. This excellent location, combined with strong in-place income and upside potential, makes Buttonwood an ideal investment for multifamily buyers.
Constructed in 1965, Buttonwood Apartments features low-density, two-story construction with pitched roofs and a brick façade. The unit mix consists of 18 one-bedroom and 14 two-bedroom layouts, averaging 665 square feet. Units are separately metered for electric and hot water, and the property benefits from township-provided trash collection, further reducing operating expenses for the owner. The current ownership has made interior enhancements and added new appliances, allowing the next investor to focus on implementing a light value-add program to fully capture upside in the rents.
The property is currently 97% occupied, with tenants paying an average in-place rent of $1,492, compared to a market-supported average of $1,570, representing a 5.2% loss-to-lease across the rent roll. Buttonwood’s stable occupancy and proven collections provide a strong foundation for cash flow, while the below-market rents and rising demand in the submarket offer an attractive opportunity for NOI growth.
Maple Shade is a high-demand residential area with strong economic and demographic fundamentals. Its proximity to employment centers like Cherry Hill, Mount Laurel, and downtown Philadelphia, as well as to retail anchors like the Moorestown and Cherry Hill Malls, makes Buttonwood a highly attractive living option for renters. The area also features numerous parks, schools, and public services, contributing to consistently high occupancy levels.
Buttonwood Apartments is a rare opportunity to acquire a stabilized, income-producing multifamily asset with clear value-add potential, favorable utility structures, and an unbeatable location within a thriving South Jersey submarket. Investors will benefit from immediate in-place income with substantial upside through focused management and strategic renovations, positioning Buttonwood as both a reliable cash-flowing asset and a long-term wealth generator.
Constructed in 1965, Buttonwood Apartments features low-density, two-story construction with pitched roofs and a brick façade. The unit mix consists of 18 one-bedroom and 14 two-bedroom layouts, averaging 665 square feet. Units are separately metered for electric and hot water, and the property benefits from township-provided trash collection, further reducing operating expenses for the owner. The current ownership has made interior enhancements and added new appliances, allowing the next investor to focus on implementing a light value-add program to fully capture upside in the rents.
The property is currently 97% occupied, with tenants paying an average in-place rent of $1,492, compared to a market-supported average of $1,570, representing a 5.2% loss-to-lease across the rent roll. Buttonwood’s stable occupancy and proven collections provide a strong foundation for cash flow, while the below-market rents and rising demand in the submarket offer an attractive opportunity for NOI growth.
Maple Shade is a high-demand residential area with strong economic and demographic fundamentals. Its proximity to employment centers like Cherry Hill, Mount Laurel, and downtown Philadelphia, as well as to retail anchors like the Moorestown and Cherry Hill Malls, makes Buttonwood a highly attractive living option for renters. The area also features numerous parks, schools, and public services, contributing to consistently high occupancy levels.
Buttonwood Apartments is a rare opportunity to acquire a stabilized, income-producing multifamily asset with clear value-add potential, favorable utility structures, and an unbeatable location within a thriving South Jersey submarket. Investors will benefit from immediate in-place income with substantial upside through focused management and strategic renovations, positioning Buttonwood as both a reliable cash-flowing asset and a long-term wealth generator.
FAITS SUR LA PROPRIÉTÉ
| Prix | 9 422 460 $ CAD | Classe d’immeuble | C |
| Prix par unité | 294 452 $ CAD | Taille du lot | 1,07 AC |
| Type de vente | Investissement | Taille du bâtiment | 26 076 pi² |
| Taux de capitalisation | 6,20% | Occupation moyenne | 97% |
| Nombre d’unités | 32 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction | 1966 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 1,53/1 000 pi² |
| Style d’appartement | De faible hauteur | ||
| Zonage | 4C | ||
| Prix | 9 422 460 $ CAD |
| Prix par unité | 294 452 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 6,20% |
| Nombre d’unités | 32 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 1,07 AC |
| Taille du bâtiment | 26 076 pi² |
| Occupation moyenne | 97% |
| Nombre d’étages | 2 |
| Année de construction | 1966 |
| Ratio de stationnement | 1,53/1 000 pi² |
| Zonage | 4C |
COMMODITÉS
COMMODITÉS DES UNITÉS
- Climatisation
- Prêt pour le câble
- Lave-vaisselle
- Traitement des déchets
- Chauffage
- Accès Internet à haute vitesse
- Bain/Douche
- Vues
- Tapis
COMMODITÉS DU SITE
- Accès 24 heures
- Accès contrôlé
- Cour
- Installations de lessive
- Gestionnaire d'immeuble sur place
- CVCA contrôlé par le locataire
- Services en ligne
- Sans ascenseur
- Détecteur de fumée
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Impôts fonciers
| Numéro de lot | 19-00144-0000-00017 | Évaluation des bâtiments | 1 862 930 $ CAD |
| Évaluation du terrain | 109 213 $ CAD | Évaluation totale | 1 972 142 $ CAD |
Impôts fonciers
Numéro de lot
19-00144-0000-00017
Évaluation du terrain
109 213 $ CAD
Évaluation des bâtiments
1 862 930 $ CAD
Évaluation totale
1 972 142 $ CAD
(215) 454-2879
x1002
CONTACTS
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Kenneth Wellar -
Robert DiPasquale -
Kiersten Mangin -
Charles Lang
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Daniel Yadgaroff -
Corey Lonberger -
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Buttonwood Apartments | 601 Buttonwood Ave
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