Description
Global Real Estate Advisors (GREA) extends to well-qualified investors the unique opportunity to acquire the fee simple interest in Bellevue Terrace Apartments, a charming property in the desirable town of Collingswood, New Jersey. Situated in highly sought-after Camden County, the property at 30 Haddon Avenue is a fully renovated 20-unit multifamily asset consisting of (2) studio units, (4) one-bedroom units, (12) two-bedroom units, and (2) three-bedroom units.This property has undergone a comprehensive interior and exterior transformation to modernize the units and enhance tenant amenities. The upgrades position the property as an attractive option for renters while maximizing long-term investment value. Current ownership spent over $1,000,000 on improvements, including common areas, exterior capital improvements, and unit renovations such as kitchens, bathrooms, flooring, PTAC units, opening walls, and secure entry and laundry.Residents of Bellevue Terrace live on Haddon Avenue and are within minutes of the Downtown Collingswood borough, a thriving retail corridor home to cozy cafes, craft breweries, and vibrant bars. The property is close to neighborhood amenities such as Dunkin', Sagami (a top-rated sushi spot), Sabrinas Caf (a favorite brunch spot), and popular restaurants Zeppoli, Il Fiore, Sapori Trattoria, and The Kitchen Consigliere. In addition, the 70-acre Knight Park and 345-acre Cooper River Park are within minutes of the property, offering running trails, bike paths, picnic spots, boat launches, athletic fields, and fishing.Bellevue Terrace is a 10-minute walk to the Ferry or Collingswood PATCO Speedline Station, providing a direct, fifteen-minute commute to Center City Philadelphia. Additionally, easy access to major highways (I-76, I-676, and Routes 30, 38, 70 and 130) makes commuting simple for those working in South Jersey or Philadelphia.This turnkey property presents an opportunity for investors seeking stable cash flow, long-term appreciation, and minimal capital expenditures due to the recent renovations in a supply constrained market. With a diverse unit mix and updated curb appeal, the property is well-positioned for strong occupancy and competitive market rents.
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Description
Global Real Estate Advisors (GREA) extends to well-qualified investors the unique opportunity to acquire the fee simple interest in Bellevue Terrace Apartments, a charming property in the desirable town of Collingswood, New Jersey. Situated in highly sought-after Camden County, the property at 30 Haddon Avenue is a fully renovated 20-unit multifamily asset consisting of (2) studio units, (4) one-bedroom units, (12) two-bedroom units, and (2) three-bedroom units.This property has undergone a comprehensive interior and exterior transformation to modernize the units and enhance tenant amenities. The upgrades position the property as an attractive option for renters while maximizing long-term investment value. Current ownership spent over $1,000,000 on improvements, including common areas, exterior capital improvements, and unit renovations such as kitchens, bathrooms, flooring, PTAC units, opening walls, and secure entry and laundry.Residents of Bellevue Terrace live on Haddon Avenue and are within minutes of the Downtown Collingswood borough, a thriving retail corridor home to cozy cafes, craft breweries, and vibrant bars. The property is close to neighborhood amenities such as Dunkin', Sagami (a top-rated sushi spot), Sabrinas Caf (a favorite brunch spot), and popular restaurants Zeppoli, Il Fiore, Sapori Trattoria, and The Kitchen Consigliere. In addition, the 70-acre Knight Park and 345-acre Cooper River Park are within minutes of the property, offering running trails, bike paths, picnic spots, boat launches, athletic fields, and fishing.Bellevue Terrace is a 10-minute walk to the Ferry or Collingswood PATCO Speedline Station, providing a direct, fifteen-minute commute to Center City Philadelphia. Additionally, easy access to major highways (I-76, I-676, and Routes 30, 38, 70 and 130) makes commuting simple for those working in South Jersey or Philadelphia.This turnkey property presents an opportunity for investors seeking stable cash flow, long-term appreciation, and minimal capital expenditures due to the recent renovations in a supply constrained market. With a diverse unit mix and updated curb appeal, the property is well-positioned for strong occupancy and competitive market rents.
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