Just Listed: 24 Units in Gloucester County, NJ

Highlights:

• 24-Unit Apartment Community in Paulsboro, Gloucester County, New Jersey
• Recent Capital Improvements: Freshly Painted Exterior, New Awnings, and Recent Roof Replacement
• Strong Unit Mix: 96% Two-Bedroom Units
• Private Parking Lot and Six Garages
• Tenant-Paid Electric and Heat
• Two Miles from Newly Constructed Port of Paulsboro

Overview:

Marcus & Millichap is pleased to present for sale the Elizabeth Avenue Apartments - Nine separate buildings, on the same tax parcel, totaling 24 units in Paulsboro, Gloucester County, New Jersey. The city of Paulsboro is home to more than 6,000 people and is located 18 miles south of Center City Philadelphia.

The unit mix is comprised of 1 one-bedroom unit and 23 two-bedroom units. The owner has kept the building up-to-date by repainting the exterior, replacing awnings, and recent roof replacements. There is a private parking lot located behind the building that fits 15 cars. There are also six garages located behind the parking lot that the owner currently rents.

Elizabeth Avenue Apartments is conveniently located right off of Broad Street, which allows for easy access to the many nearby amenities including restaurants, banks, shopping centers and the Paulsboro Marine Terminal. The Paulsboro Marine Terminal is the first major port to be constructed on the Delaware River in more than 50 years, and will bring hundreds of jobs to the area. Elizabeth Avenue Apartments represents a rare opportunity for an investor to acquire a stabilized income stream, with an attractive return, in a town close to Philadelphia.

More Information:

• Lee Luedtke at 215-531-7076 or [email protected]
• Dan Bernard at 215-531-7022 or [email protected]
• Andrew Townsend at 215-531-7020 or [email protected]
• Clarke Talone at 215-531-7021 or [email protected]
• Ridge MacLaren at 215-531-7019 or [email protected]