About 617 Newton Ave
PRIME INVESTMENT OPPORTUNITY SITUATED ON A QUIET CORNER LOT IN OAKLYN!!! Don't miss this staggering x6 unit building featuring x4 2BD/1BTH units & x2 1BD/1BTH units along with a private basement & spacious private parking lot! Units are filled with an abundance of natural light & brimming with historic charm as well as updated touches & upgrades. Brand new high efficiency heater with separate electric & gas. Tenants are responsible for electric & gas, the landlord is responsible for water & heat. Property is currently generating around 6k/mo in rental income with one vacant unit & room for tremendous growth. Whether you are a savvy investor looking to add SIX quality doors to your portfolio or an owner-occupant buyer living in either one of the 1 or 2 bedroom units while letting the tenants pay your mortgage AND still generating positive cash flow - then this incredible value add is for you! **Offer memorandum w/ rent roll & financials attached in Bright documents. The next proposed Group Showings (not an open house), will be Mon (8/18) @ 1p & Wed (8/27) @ 4p**
Features of 617 Newton Ave
| MLS® # | NJCD2084936 |
|---|---|
| Price | $715,000 |
| Bathrooms | 0.00 |
| Square Footage | 10,498 |
| Acres | 0.24 |
| Year Built | 1935 |
| Type | Commercial Sale |
| Sub-Type | Five Or More Units |
| Status | Active |
Community Information
| Address | 617 Newton Ave |
|---|---|
| Area | Oaklyn Boro (20426) |
| City | OAKLYN |
| County | CAMDEN-NJ |
| State | NJ |
| Municipality | OAKLYN BORO |
| Zip Code | 08107 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Radiator |
|---|---|
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
Exterior
| Exterior | Vinyl Siding |
|---|
School Information
| District | CAMDEN CITY SCHOOLS |
|---|
Additional Information
| Date Listed | February 13th, 2025 |
|---|---|
| Days on Market | 161 |
| Zoning | RES |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Keller Williams - Main Street |
|---|---|
| Contact Info | 8568582200 |