40-Unit Value-Add Multifamily Portfolio | Runnemede, NJ

For Sale

424 North Black Horse Pike, Runnemede, NJ 08078

This Runnemede property for sale is located at 424 North Black Horse Pike.

Contacts

broker

Doug Clark

RealINSIGHT Marketplace

(202) 715-9528

Property Details

  • Property Type Multi-Family
  • Units 40
  • Date Updated Apr 9, 2024
  • Website rimarketplace.com

Significant Upside Through Renovation: Renovated units have achieved an average rent 70% higher than unrenovated legacy units. 

Below Market Rents: Ownership has prioritized leasing the property to secure cash flow over maximizing rent.

No Rent Stabilization: The Portfolio is in a municipality that is not subject to rent stabilization or rent control.

Auctioneer: Richard G. Warner

Auctioneer Company: c/o Fisher Auction Company Inc.

Auctioneer License: 0120281

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Getting around

  • 78/100

    Walk Score ®

  • 61/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Runnemede, NJ
  • Neighborhood Runnemede
  • Zip Code 08078
  • Market New Jersey

Points of Interest

  • Ashland

    3.46 miles

  • Woodcrest

    3.54 miles

  • Haddonfield

    3.65 miles

  • Westmont

    4.02 miles

  • Lindenwold

    4.11 miles

  • Collingswood

    4.23 miles

  • Ferry Avenue

    4.93 miles

  • Cherry Hill

    5.49 miles

  • Rodriguez cab

    6.53 miles

  • Broadway

    6.68 miles

  • Sam's Club

    1.29 miles

  • Wawa

    1.61 miles

  • BJ's Gas

    1.76 miles

  • Wawa

    2.00 miles

  • Hess

    2.09 miles

  • Speedway

    2.20 miles

  • Shell

    2.42 miles

  • Royal Farms

    2.43 miles

  • Lukoil

    2.69 miles

  • Gulf

    2.73 miles

  • Howard's Gulf Service

    2.01 miles

  • Gloucester Mt. Ephraim Trail Parking

    2.21 miles

  • Church Parking Lot

    3.50 miles

  • Inspira Hospital Emergency Room

    4.05 miles

  • free parking (gravel lot)

    4.28 miles

  • Truck Parking

    4.34 miles

  • Mews Parking Lot

    4.35 miles

  • paved parking.

    4.36 miles

  • National Guard Parking

    4.85 miles

  • free parking for park and dog run.

    4.86 miles

  • Days Inn by Wyndham Runnemede Philadelphia Area

    0.35 miles

  • La Quinta

    0.38 miles

  • La Quinta Inn & Suites Runnemede

    0.38 miles

  • Howard Johnson Express Inn Bellmawr/Philadelphia Area

    0.66 miles

  • Super 8 Bellmawr NJ/Philadelphia PA Area

    0.73 miles

  • Econo Lodge Bellmawr

    0.77 miles

  • Red Roof Inn & Suites Bellmawr

    0.82 miles

  • Residence Inn Deptford

    1.51 miles

  • Fairfield Inn Deptford

    1.55 miles

  • Hampton Inn & Suites Deptford

    1.87 miles

  • ALDI

    1.13 miles

  • Walmart Supercenter

    1.13 miles

  • Forman Mills

    1.48 miles

  • Target

    1.85 miles

  • Deptford Mall

    1.94 miles

  • JCPenney

    1.94 miles

  • ShopRite

    1.99 miles

  • Sears

    2.06 miles

  • Shoprite

    2.61 miles

  • Walmart Supercenter

    2.64 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Doug Clark

RealINSIGHT Marketplace

(202) 715-9528