Hillcrest Apartments

301-311 East 3rd Ave Runnemede, NJ 08078



Property Details

  • Price-
  • Property TypeMulti Unit Housing
  • NeighborhoodRunnemede - Camden County
  • Number of Units14
  • Lot Size-
  • Price/Unit-
  • Price/Bedroom-
  • Year Built1967

Investment Highlights

  • Excellent Unit Mix: 86% Two Bedroom Units
  • Outstanding Rental Upside: Currents Rents 15% to 20% Below Market
  • Over $100,000 in Capital Improvements: Brick Exterior with New Rubber Roofs
  • Great “Curb Appeal”: Irrigation System
  • Solid Location: Quiet Residential Neighborhood with Retail in Close Proximity
  • Exceptional Accessibility: Convenient access to Interstate-295, the New Jersey Turnpike and Benjamin Franklin Bridge (to Philadelphia)

Description

Rittenhouse Realty Advisors extends to qualified investors the opportunity to acquire Hillcrest Apartments. This garden-style apartment complex was built in 1967, and is located in a quiet residential neighborhood of Runnemede, New Jersey. Hillcrest Apartments consists of two buildings with 14 units. With an outstanding mix of 86% two-bedroom and 14% one-bedroom apartments, the property’s unit mix is superior in the sub-market. Hillcrest Apartments features brick exterior with new rubber roofs. Utilities are separately metered for each apartment (except for domestic hot water and cold water) and every apartment has central air conditioning.

 

Property Status

NOTE: This property is no longer available.


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