628 Berkley Street, Camden, NJ 08103

$108,696
2
BD
2
BA
789
SqFt
Sold Price
$108,696
List Price
$100,000
Closing Date
Feb 28, 2024
Days on Market
54
Status
CLOSED
MLS#
NJCD2057888
Bedrooms
2
Bathrooms
2
Full Baths
2
Living Area
789
Lot Size (Acres)
0.02
Style
Unit/Flat
Year Built
1880
County
Camden
School District
Camden City Schools

Property Description

RARE INVESTMENT OPPORTUNITY!!! LOCATION, LOCATION, LOCATION!!! x23 unit portfolio located in Cooper Plaza down the street from Cooper Hospital!! Excellent opportunity to provide reliable & safe housing to Dr's, Nurses, Medical Students, interns, and any and all Hospital Staff for all time high premium rents!!! Located in the highly sought after neighborhood of Lanning Square with the hospital just down the street as well as Coriell Institute and all the developments and improvements that the number one appreciating City in the Country continues to deliver. Generate steady income AND become the majority stakeholder in the Cooper Plaza HOA!!! All Units must be bought as a package for $2,300,000. Purchaser will have Majority control of Cooper Plaza HOA. Run the HOA as you see fit including levying assessments or dissolving HOA if one wishes. The portfolio should qualify for a myriad of programs! Not only is this portfolio located in an opportunity zone, the portfolio should also qualify for redevelopment grants via the Historic Property Reinvestment Program in conjunction with the Federal Historic Tax Credit Program. Portfolio offers residents access to TWO parking lots. A novel commodity for the area that you won't want to miss!!! Entrances for the lots are located on S 7th St. Properties were fully renovated in the 90's to offer a more contemporary design while maintaining their Victorian charm! This Portfolio is OVERFLOWING with massive intrinsic potential!! All units being sold in as-is condition. Buyer is Responsible for Certificate of Occupancy. Schedule a showing TODAY, you won't want to miss this!!! *Please note: portfolio includes the following units: 620A Berkley St, 620B Berkley St, 622A Berkley St, 624B Berkley St, 626B Berkley St, 628A Berkley St, 630A Berkley St, 630B Berkley St, 632A Berkley St, 632B Berkley St, 634A Berkley St, 634B Berkley St, 636B Berkley St, 638A Berkley St, 638B Berkley St, 640A Berkley St, 640B Berkley St, 642B Berkley St, 644A Berkley St, 644B Berkley St, 653A Berkley St, 653B Berkley St, 657B Berkley St*

Additional Information

Area
Camden City (20408)
Subdivision
Lanning Square
Taxes
$1714
HOA Fee
$65
HOA Frequency
Monthly
School District
Camden City Schools
Heating
Forced Air
Heating Fuel
Natural Gas
Cooling
Central A/C
Water
Public
Sewer
Public Sewer
Room Level
Living Room: Main, Kitchen: Main, Basement: Lower 1
Basement
Yes

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Keller Williams - Main Street. Contact: (856) 858-2200

Selling Office: .