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328 Cherry Street,  Camden NJ, 08103

(Active)
$175,000
|
1,036 sqft
|
MLS# NJCD2066042
Last Updated: 5/5/2024 2:26 PM
Description for 328 Cherry Street Camden, NJ 08103
Prime Investment Opportunity: Transform a Former Daycare into a Multi-Unit Apartment Complex!Nestled in the heart of Camden, an extraordinary real estate investment opportunity awaits. This property, once a thriving daycare facility, now offers a rare and potentially highly profitable venture - conversion into a multi-unit apartment complex or you have the option to continue to run it as a daycare as everything is already set up for you! What sets this property apart are the two included playground lots, presenting the unique opportunity to expand and construct additional residential units, a key to enhanced property value. While the current zoning is commercial, rest assured, the process to revert it to residential is a navigable path. This location enjoys a strong rental market, consistently in demand for quality residential units.With the potential for a diversified income stream from multiple residential units, your investment promises both stability and substantial profitability. Moreover, real estate often appreciates over time, making this property an ideal choice for long-term value growth. Don't miss out on this exceptional investment opportunity. Contact Jenna Merrill for more information today and set the wheels in motion to realize your vision of a thriving multi-unit apartment complex or daycare business!Please be aware that playground lots 324 and 326 Cherry St., Camden NJ 08103 are also included in the sale of this property.
Price
$175,000
CAMDEN
1,036 (approx)
NJCD2066042
Active
Description
Prime Investment Opportunity: Transform a Former Daycare into a Multi-Unit Apartment Complex!Nestled in the heart of Camden, an extraordinary real estate investment opportunity awaits. This property, once a thriving daycare facility, now offers a rare and potentially highly profitable venture - conversion into a multi-unit apartment complex or you have the option to continue to run it as a daycare as everything is already set up for you! What sets this property apart are the two included playground lots, presenting the unique opportunity to expand and construct additional residential units, a key to enhanced property value. While the current zoning is commercial, rest assured, the process to revert it to residential is a navigable path. This location enjoys a strong rental market, consistently in demand for quality residential units.With the potential for a diversified income stream from multiple residential units, your investment promises both stability and substantial profitability. Moreover, real estate often appreciates over time, making this property an ideal choice for long-term value growth. Don't miss out on this exceptional investment opportunity. Contact Jenna Merrill for more information today and set the wheels in motion to realize your vision of a thriving multi-unit apartment complex or daycare business!Please be aware that playground lots 324 and 326 Cherry St., Camden NJ 08103 are also included in the sale of this property.
Listing Information
Property Type: Business Opportunities, Other
0.02 Acres 1,036 (approx) 1899
Vinyl siding
Public
Public Sewer
Neighborhood
Room Information
Interior Features
Central Air
Gas Heat, Central
Exterior / Lot Features
2 Parking Spaces, On Street
Vinyl
13.00 x 0.00
Driving Directions
Drive Towards 328 Cherry St. Proceed on Cherry St. until you spot the address 328 Cherry St. This location is situated between 3rd and 4th Street. Look for a light blue building with a bright blue door. It is located next to a Children's Playground: As you approach 328 Cherry St., you'll notice a children's playground right next door.
Financial Considerations
08-00244-00016
$2,766
Listing Price History

Camden Real Estate

Camden is located in New Jersey. Camden, New Jersey 08103 has a population of 75,899.

The median household income for the surrounding county is $72,604 compared to the national median of $66,222. The median age of people living in Camden 08103 is 40 years.

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Courtesy: EXP Realty, LLC
BRIGHT MLS - All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.
This content last refreshed on 5/5/2024 2:26 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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