Prime Investment Opportunity: Transform a Former Daycare into a Multi-Unit Apartment Complex! Nestled in the heart of Camden, an extraordinary real estate investment opportunity awaits. This property, once a thriving daycare facility, now offers a rare and potentially highly profitable venture - conversion into a multi-unit apartment complex or you have the option to continue to run it as a daycare as everything is already set up for you! What sets this property apart are the two included playground lots, presenting the unique opportunity to expand and construct additional residential units, a key to enhanced property value. While the current zoning is commercial, rest assured, the process to revert it to residential is a navigable path. This location enjoys a strong rental market, consistently in demand for quality residential units. With the potential for a diversified income stream from multiple residential units, your investment promises both stability and substantial profitability. Moreover, real estate often appreciates over time, making this property an ideal choice for long-term value growth. Don't miss out on this exceptional investment opportunity. Contact Jenna Merrill for more information today and set the wheels in motion to realize your vision of a thriving multi-unit apartment complex or daycare business! Please be aware that playground lots 324 and 326 Cherry St., Camden NJ 08103 are also included in the sale of this property.
Copyright 2022 Cape May County Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Updated: 5th December, 2023 2:18 AM (UTC)