205-207 PHILADELPHIA AVE Pending Save Request In-Person Tour Request Virtual Tour
Egg Harbor City,NJ 08215
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
Square Footage 4,760 sqft
Price per Sqft $177
MLS Listing ID NJAC2000154
HOA Y/N N
Originating Board BRIGHT
Year Built 1910
Annual Tax Amount $7,694
Tax Year 2021
Lot Size 3,280 Sqft
Acres 0.08
Lot Dimensions 40x82
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
Location
State NJ
County Atlantic
Area Egg Harbor City (20107)
Zoning R-C
Interior
Hot Water Multi-tank
Heating Radiator
Cooling Central A/C
Flooring Wood
Equipment None
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Asbestos Shingle
Accessibility 36\"+ wide Halls
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
Middle Schools Fanny D Rittenberg
High Schools Cedar Creek
School District Egg Harbor City Schools
Others
Tax ID 07-00207-00012 02
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Conventional,Cash,Exchange,Negotiable
Listing Terms Conventional,Cash,Exchange,Negotiable
Financing Conventional,Cash,Exchange,Negotiable
Special Listing Condition Standard