$845,000

205-207 PHILADELPHIA AVENUE, Egg Harbor City, NJ 08215

  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1910
  • Property Lot Size Icon3,485sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 3 years ago

Property Description

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

Listing Status:
Pending
Date Added:
November 8, 2022 at 06:00AM
Listing Office:
BHHS Fox & Roach-Margate : 6098224200
Listing Agent:
Robert A. Rosenthal : 6098224200
MLS ID:
NJAC2000154

This listing courtesy of Robert A. Rosenthal, BHHS Fox & Roach-Margate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Cedar Creek High School

1701 New York Ave, Egg Harbor City, NJ, 08215

Grades 9-12

1.76 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.