About 24-36 Oakland St
I am pleased to present your next investment acquisition! Now available is a cash-flowing 26-unit investment portfolio located in the desirable Carll's Corner section of Upper Deerfield Township, Cumberland County. This exceptional income-producing opportunity consists of 24 single-family homes and one duplex (26 rental units total), located at 24-36 Oakland Street and 1102-1116 Highway 77, Bridgeton, NJ 08302. All of the homes are situated on two adjoining parcels of 4+/- acres, creating a unique neighborhood-style setting while offering investors the convenience of centralized ownership and management.
This portfolio offers an excellent blend of immediate cash flow and long-term value-add potential. The units feature three-bedroom floor plans with a mix of one- and two-bathroom layouts, depending on the renovation status of each home. Approximately 900 square feet in size, not including basement space, five of the homes also include finished basements with additional living space and a full bathroom. Nine units have been fully renovated with modern finishes, luxury vinyl plank flooring, updated kitchens, and remodeled bathrooms, while seventeen units remain unrenovated, providing significant upside for future improvements. Two additional homes are currently undergoing renovations.
Each residence is separately metered, with tenants paying their own natural gas, electric, water, and sewer utilities, helping to reduce owner operating expenses. Every home is equipped with forced-air natural gas heat, making this a low-maintenance investment with strong income potential. Investors have the opportunity to continue renovating the remaining units to further increase rental income and overall portfolio value.
Ideally situated with convenient access to State Highway 77 and State Highway 56, the property offers easy commuting throughout South Jersey, as well as quick access to Pennsylvania, Delaware, and the Jersey Shore. The surrounding area is a well-established commercial corridor featuring numerous national retailers and local businesses within approximately one mile; including Super Walmart, Wawa, ShopRite, ALDI, Ollie's Bargain Outlet, Tractor Supply, Chipotle, Dunkin', Planet Fitness, Pizza Hut, McDonald's, Burger King, multiple financial institutions, and the New Jersey State Police Barracks.
For qualified investors, a T-12 and a Conceptual Redevelopment Plan outlining potential retail pad site opportunities are available upon request, making this offering attractive not only as a stabilized income-producing asset but also as a potential future redevelopment opportunity. Additional professional photos, financial information, rent roll, and property details will be released soon. Contact us today for additional information and to request the complete investment package.
