205-207 PHILADELPHIA AVENUE, EGG HARBOR CITY, NJ 08215
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Listing Type
Commercial/Industrial
Listing Status
pending
16
$845,000
Home Details for 205-207 PHILADELPHIA AVENUE
Price
$845,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
0.0
Square feet
NaN
Year built
1910
Lot size acres
0.08
County
ATLANTIC
Garage
Days on site
565
MLS Listing#
NJAC2000154
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
Property Features
Cooling Information
Central Air
Gas
Heating Information
Natural Gas
Radiant
Water Features
Public
Parking
On Street
School Information
School Information for 205-207 PHILADELPHIA AVENUE, EGG HARBOR CITY, NJ 08215
Elementary School
N/A
Middle School
FANNY D RITTENBERG
High School
CEDAR CREEK
Listing Courtesy: BHHS Fox & Roach-Margate - 609-822-4200