One property, four separate income-producing units, and a mix of residential and commercial use that gives an investor multiple ways to generate revenue from a single address. 3400 Cove Rd features three residential units along with a street-level commercial space currently operating as a barber shop. The residential mix includes a 3-bedroom unit and two 2-bedroom units, with finished attic areas adding additional usable room to two of the apartments. The commercial space includes its own half bath and an established tenant. With all four units currently occupied, the income is already in place. Three residential rentals combined with a commercial tenant also create a diversified rent roll rather than relying on a single source of income. Conveniently positioned near major roadways, shopping, public transportation and the surrounding Merchantville and Pennsauken area, the location keeps tenants connected to everyday necessities and employment centers throughout South Jersey and Philadelphia. For the investor looking to add multiple doors without purchasing multiple properties, this is where the opportunity gets interesting. Four occupied units, multiple income streams and a property already producing from day one. Take a closer look at what 3400 Cove Rd could add to your portfolio.
21-Unit Value-Add Apartment Community Extensively Renovated Turnkey Investment Opportunity Property Overview 607 W. Maple Avenue presents the opportunity to acquire a substantially renovated 21-unit multifamily community consisting of three residential buildings in the desirable Borough of Merchantville, Camden County, New Jersey. Current ownership has completed an extensive capital improvement program that has transformed the property into a modern, turnkey investment with significantly reduced deferred maintenance and strong long-term income potential. Over the course of ownership, nearly every major building system has been replaced or upgraded, including electrical, HVAC, roofing, windows, plumbing, insulation, and apartment interiors. These improvements provide investors with a stabilized asset requiring minimal near-term capital expenditures while offering modern amenities that attract and retain quality tenants. Investment Highlights 21 apartment units across three well-maintained residential buildings Extensive property-wide renovation and capital improvement program completed Complete replacement of electrical infrastructure, including new 600-amp services, individual meters, panels, wiring, and transformer Brand-new high-efficiency forced-air heating and central air conditioning installed in every apartment New hot water heaters and plumbing upgrades throughout Renovated kitchens featuring new cabinetry, stainless steel appliances, and dishwashers Updated bathrooms with modern fixtures and finishes New flooring and interior finishes throughout the property New roofs, plywood decking (where required), gutters, windows, and attic insulation Exterior stucco repairs, painting, landscaping, lighting, walkways, mailboxes, and site improvements Individually metered electric service Modern building systems significantly reduce future maintenance and capital costs Strong curb appeal with professionally improved exterior presentation Turnkey investment positioned for long-term stable cash flow Location Located in the heart of Merchantville, the property offers convenient access to Route 38, Route 70, Route 130, Interstate 295, the New Jersey Turnpike, and the Ben Franklin Bridge, providing quick connectivity to Philadelphia and the surrounding South Jersey markets. Residents enjoy proximity to shopping, dining, public transportation, major employers, and recreational amenities. Investment Opportunity 607 W. Maple Avenue represents a rare opportunity to acquire a fully renovated multifamily asset where ownership has already completed the heavy lifting. With modern infrastructure, updated apartment interiors, and significantly reduced deferred maintenance, the property is ideally suited for investors seeking a stabilized, low-maintenance apartment community with long-term appreciation potential in a strong South Jersey rental market.
Courtesy: KELLER WILLIAMS ELITE REALTORS
Located in the heart of Merchantville's downtown district, this versatile mixed-use property offers a great opportunity for investors and owner-operators. The first floor is set up for restaurant use and features a spacious dining area, commercial kitchen, prep area, and two ADA-compliant restrooms. Rooftop HVAC and commercial ventilation systems are already installed for restaurant operations. The property also includes a full basement, providing ample room for storage or additional operational use. The upper level offers a spacious residential apartment with 2 bedrooms, multiple living areas, kitchen equipped with stainless steel appliances. Conveniently situated near Cherry Hill, Collingswood, and Philadelphia, the property benefits from strong visibility, easy accessibility, and close proximity to shopping, dining, and major commuter routes. Ideal for owner-operators, mixed-use investors, or those seeking both residential and commercial income potential.
Merchantville is located in New Jersey. Merchantville, New Jersey has a population of 3,797. Merchantville is less family-centric than the surrounding county with 22.7% of the households containing married families with children. The county average for households married with children is 28.19%.
The median household income in Merchantville, New Jersey is $75,568. The median household income for the surrounding county is $75,485 compared to the national median of $69,021. The median age of people living in Merchantville is 38.5 years.
The average high temperature in July is 87.9 degrees, with an average low temperature in January of 26.3 degrees. The average rainfall is approximately 47.4 inches per year, with 12.8 inches of snow per year.
