205-207 PHILADELPHIA AVENUE, Egg Harbor City, NJ 08215
Commercial Property
Built in 1910
3,485sqft lot
—— car garage
$——/sqft
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
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
Location
Schools Nearby
Cedar Creek High School
1701 New York Ave, Egg Harbor City, NJ, 08215
Grades 9-12
1.76 miles away