205-207 Philadelphia Avenue
Egg Harbor City,
NJ
08215
Property Details
List Price: |
$845,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Pending |
SqFt: |
4760 |
Agency: |
Berkshire Hathaway HomeServices Fox & Roach, Real |
Description/Comments
Lot Size: |
-- |
Property Type: |
Commercial |
Year Built: |
1910 |
Notes: |
Bank of America, Dental Care of Egg Harbor, LLC, two 3-bedroom apartments, 100% occupied. Lease with BOA started in 2013 for 15 years, has 7 years remaining. Years 16 to 30 go from $2927/month to $3,522.67/month. BOA reimburses 25% of all operating expenses. Dental Care lease is for 60 months with 2 five-year options at 3% bump per year. Dental Care just opened has ADA compliant bathroom. Leases escalate yearly. Buyer and seller will follow Bulk Sales Act, C9600, certified at least 10 days prior to settlement. 2nd floor two 3-BR apartments one at $1,200/month and one at $1,100/month. 4 units at 1,156 sf for total 4,624 sf. Cap Rate 7.66%. Located in busy commercial area near public transportation. Great Investment Opportunity! Call listing broker to show |
MlsNumber: |
NJAC2000154 |
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Listing Provided By: |
Berkshire Hathaway HomeServices Fox & Roach, Real, original listing |
Name: |
Berkshire Hathaway HomeServices Fox & Roach, Real |
Office Name: |
BHHS Fox & Roach Margate |
Agent Name: |
Robert Rosenthal,GRI,CRS |
Disclaimer: |
Copyright © 2024 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |