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205-207 PHILADELPHIA AVENUE, EGG HARBOR CITY, NJ 08215
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$845,000
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Home Details for 205-207 PHILADELPHIA AVENUE
Price
$845,000
Type
Commercial/Industrial
Year Build
1910
Lot Size
0.08
County
ATLANTIC
Tax
$7,694
MLS®️ Listing#
NJAC2000154
On exitrealty.com
528 days
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
- Cooling Information
- Central Air
- Gas
- Heating Information
- Natural Gas
- Radiant
- Water Features
- Public
- Parking
- On Street
Listing Courtesy: BHHS Fox & Roach-Margate - 609-822-4200
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which EXIT Realty participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright ©2025 Bright MLS. All rights reserved.
Last Updated: 2025-01-17 21:46:43
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$845,000
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