4.33 Acres Lot
4.33 Acres Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Lot Size 4.330 Acres
MLS Listing ID NJBL2084780
Financing Conventional,Cash
Total Units 9
Short Sale No
Originating MLS BRIGHT
Available Date 2025-07-26
Property Description
The heavy lifting has already been completed with major capital improvements, including a brand new septic system installed in 2021 and renovations on 7 of the 9 units. With the final unit recently leased, the property is fully stabilized with a strong, diverse unit mix consisting of two studios, four 1-bedroom units, two 2-bedroom units, and one 3-bedroom main house. The unique 5-building "village" configuration provides tenants with a private, residential feel that minimizes noise transfer and maximizes retention—a distinct competitive advantage over typical block-style apartments.
BONUS VALUE-ADD: The property includes a 6th, standalone building (formerly 4 units verified in tax collectors records) currently in shell condition with water, gas, and electric run to the structure. This building is not connected to the new septic system and is offered strictly "as-is" with no representation of future use. It represents significant potential upside for a buyer willing to navigate township approvals for parking/septic independently, but the sale is not contingent on this development potential. Ideally situated for a 1031 Exchange or an investor seeking immediate yield with a "free option" for future expansion. Clean exit required; no seller financing available.
Location
State NJ
County Burlington
Area Pemberton Twp (20329)
Zoning RESIDENTIAL
Interior
Hot Water Natural Gas, Multi-tank, Electric
Heating Baseboard - Electric, Forced Air
Cooling Central A/C, Window Unit(s)
Flooring Laminated, Ceramic Tile, Hardwood
Inclusions All appliances in as-is condition with no monetary value
Heat Source Electric, Natural Gas
1-purchase type For Sale
Exterior
Garage Spaces 15
Utilities Available Natural Gas Available, Electric Available, Cable TV Available, Phone Available, Water Available
Waterfront N
Water Access N
View Trees/Woods
Roof Type Architectural Shingle,Flat
Accessibility None
Parking Type Private Garage, Driveway
Total Parking Spaces 15
Building
New Construction N
Foundation Block
Lot Dimensions 0.00 x 0.00
Sewer Private Septic Tank, Septic Exists, Septic = # of BR
Water Public
Schools
School District Pemberton Township Schools
Others
Tax Amount C$14,782
Tax Year 2024
Tax ID 29-00526-00001 01
Ownership Fee Simple
Security Features Carbon Monoxide Detector(s),Smoke Detector
Acceptable Financing Conventional, Cash
Special Sale Standard
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