Rental Property Investor · Berlin, NJ · Member since 2016 · 83 posts · 23 votes
Hello All,
I am looking for a realtor in South Jersey, specifically the Oaklyn/Bellmawr and areas surrounding Camden City, but not in Camden City. I am searching for SFH Rentals or small multi-unit rental properties. I currently have a SFH rental in Philadelphia and I am looking to add to my portfolio in the South Jersey area. I am interested in the areas surrounding Camden City due to the increase business boom in Camden City (Connor Strong, Subaru, Holtec, etc). Any input/direction/referrals/conversation is greatly appreciated!
Rental Property Investor · Collingswood, NJ · Member since 2013 · 171 posts · 61 votes
8y
I agree @James Masotti. Oaklyn also doesn't have a PATCO stop like Collingswood does. That can be a huge draw for people who work in Philly and, by getting residents out of their cars, help promote that small town/village feel.
I am looking for a realtor in South Jersey, specifically the Oaklyn/Bellmawr and areas surrounding Camden City, but not in Camden City. I am searching for SFH Rentals or small multi-unit rental properties. I currently have a SFH rental in Philadelphia and I am looking to add to my portfolio in the South Jersey area. I am interested in the areas surrounding Camden City due to the increase business boom in Camden City (Connor Strong, Subaru, Holtec, etc). Any input/direction/referrals/conversation is greatly appreciated!
Thanks-
Curious why you're interested in the areas surrounding Camden City when all the development is happening directly in Camden? All of these companies (and several others like The Michaels Organization, NFI, American Water, Lockheed) already existed in the south jersey area...so there isn't any new job growth causing for Oaklyn/Bellmawr to grow any more than they already were. The hope and the master plan around bringing those companies into downtown is to revitalize the downtown Camden area and bring people back into the city from places like Oaklyn/Bellmawr/Collingswood I'm not trying to say that Oaklyn/Bellmawr are bad places to invest...I just think you may want to reconsider why you're investing in Oaklyn/Bellmawr...or give Camden another look.
I'm curious to know @Lauren C. thoughts on this topic as well
I am looking for a realtor in South Jersey, specifically the Oaklyn/Bellmawr and areas surrounding Camden City, but not in Camden City. I am searching for SFH Rentals or small multi-unit rental properties. I currently have a SFH rental in Philadelphia and I am looking to add to my portfolio in the South Jersey area. I am interested in the areas surrounding Camden City due to the increase business boom in Camden City (Connor Strong, Subaru, Holtec, etc). Any input/direction/referrals/conversation is greatly appreciated!
Thanks-
Curious why you're interested in the areas surrounding Camden City when all the development is happening directly in Camden? All of these companies (and several others like The Michaels Organization, NFI, American Water, Lockheed) already existed in the south jersey area...so there isn't any new job growth causing for Oaklyn/Bellmawr to grow any more than they already were. The hope and the master plan around bringing those companies into downtown is to revitalize the downtown Camden area and bring people back into the city from places like Oaklyn/Bellmawr/Collingswood I'm not trying to say that Oaklyn/Bellmawr are bad places to invest...I just think you may want to reconsider why you're investing in Oaklyn/Bellmawr...or give Camden another look.
I'm curious to know @Lauren C. thoughts on this topic as well
I have split thoughts on this. Camden City's main goal is to bring people to work AND live in there. They are offering generous incentives to employers to hire residents and are creating other initiatives to support that goal. So, I do agree with James on the idea that the development taking place in Camden will have a greater effect on Camden, and not the surrounding area.
But on the other hand, a rising tide raises all boats so I'm sure there will be a residual effect on areas like Oaklyn /Bellmawr/Collingswood. Only time will tell.
I do have a realtor to recommend though so feel free to PM me and I'll share is contact information.
Rental Property Investor · Cherry Hill, NJ · Member since 2017 · 119 posts · 60 votes
8y
One could argue that if Camden city does become more gentrified that the current residents could be pushed out and need a new place to live, ergo Oaklyn and Bellmawr. It takes a certain type of investor to buy in camden, not for everyone.
I agree that the master plan is to revitalize downtown Camden, but to me it seems like the immediate downtown area is already well on its way. The other areas of Camden are still pretty scary neighborhoods. I also think that people that are moving into Camden are more likely to move into the apartment buildings (victor or the new cooper place), with gated parking, security, and 24/7 concierge. I think towns like Oaklyn and Bellmawr may attract people that connect necessarily afford luxury apartment living and are looking for more of a small town/mainstreet type feel. Maybe oaklyn will be the next Collingswood? Thanks for all the input and discussion!
I agree that the master plan is to revitalize downtown Camden, but to me it seems like the immediate downtown area is already well on its way. The other areas of Camden are still pretty scary neighborhoods. I also think that people that are moving into Camden are more likely to move into the apartment buildings (victor or the new cooper place), with gated parking, security, and 24/7 concierge. I think towns like Oaklyn and Bellmawr may attract people that connect necessarily afford luxury apartment living and are looking for more of a small town/mainstreet type feel. Maybe oaklyn will be the next Collingswood? Thanks for all the input and discussion!
The challenge I see with Oaklyn becoming the next Collingswood is the fact that part of what makes Collingswood that small town feel is Haddon Ave. Oaklyn's main street is the White Horse Pike...which is just too big and industrial to really get that small town feel. Oaklyn and Audobon are great towns...but I don't know that they'll ever be able to compare to Haddonfield, Haddon Township, and Collingswood without some major structural changes to the layout of the town.
Rental Property Investor · Collingswood, NJ · Member since 2013 · 171 posts · 61 votes
8y
I agree @James Masotti. Oaklyn also doesn't have a PATCO stop like Collingswood does. That can be a huge draw for people who work in Philly and, by getting residents out of their cars, help promote that small town/village feel.
Rental Property Investor · Berlin, NJ · Member since 2016 · 83 posts · 23 votes
8y
Hi All,
Did some more investigating and researching in South Jersey and @Rick C. and @James Masotti do bring up some good points about the PATCO stops. Oaklyn does have a small "Main Street" besides the White Horse Pike, even though it really only runs about 1/2 a block (Clinton Ave) with a Brewery and Coffeehouse. But I do agree with investing in an area along a good public transit line into Camden, and starting checking out along the River Line, specifically Riverside, NJ. Any thoughts on this area? It seems to also have the small town feel and some good development happing up there as well: http://www.burlingtoncountytimes.com/news/20171228...