Browning Apartments - Collingswood NJ — Sale in Collingswood, NJ

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Collingswood, NJ 08108

Photos

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Investment Figures

Cap rate
6.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present Browning Apartment Homes, a well-maintained, brown-brick multifamily property located at 9 West Browning Road in Collingswood, New Jersey. The property consists of 18 apartments, including 14 one-bedroom and four two-bedroom units, in an established Haddonfield-area suburb with private entrances, private on-site parking and convenient access to Philadelphia. Browning Apartment Homes offers investors a combination of in-place cash flow, rent-to-market upside and continued value-add potential through targeted unit renovations and future operational improvements. Key Attributes: Well-maintained brick multifamily property with significant capital improvements already completed, including 12 renovated apartments featuring updated kitchens and appliances, new flooring, fresh paint and additional interior improvements. The property also features private entrances, 22+ private parking spaces, on-site laundry and basement storage. Location Strengths: Established Collingswood residential location near Haddon Avenue's restaurants, retail and amenities, with convenient PATCO access to Center City Philadelphia and proximity to Haddonfield, Cherry Hill and Camden. Rental Upside: Current rents are approximately 11% below projected potential rents across the property, providing a new owner with opportunities to push rents toward market through continued rent growth and targeted renovations as units turn. Investment Thesis: In-place cash flow with meaningful rent-to-market upside, significant capital improvements already completed, and additional opportunities to grow NOI through targeted renovations and potential future water and sewer submetering. Investment Highlights: • 18 Units Located on Browning Road in Collingswood, Camden County, NJ • Desirable Collingswood Location Near Haddon Avenue, Downtown Collingswood and PATCO Service to Center City Philadelphia; Minutes to Walt Whitman Bridge, I-295, and NJ Turnpike • Immediate Submetering O

Market Context

This multifamily in Collingswood, NJ is listed for sale. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Collingswood, NJ — view the full market.

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