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    205-207 Philadelphia Avenue

    EGG HARBOR CITY, NJ 08215
    • $845,000
    • STATUS: Active
    • ON SITE: 45 days
    • ID#: NJAC2000154
    UPDATED: 37 min ago
    $845,000
    • 0
      BEDS
    • 0.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1910
    County:

    School Information

    Middle School:
    High School:
    School District:

    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 (under construction) will have 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

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    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Drayton Young. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-09-16T11:56:10.793.
    www.draytonyounggroup.com/homes/119932575
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    205-207 Philadelphia Avenue EGG HARBOR CITY, NJ 08215

    • Price: $845,000
    • Status: Active
    • Updated: 37 min ago
    • ID#: NJAC2000154
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.08
    Acres
    1910
    Built
    Neighborhood:
    Egg Harbor City (20107)
    County:
    Atlantic
    Area:
    Egg Harbor City (20107)
    Middle School:
    Fanny D Rittenberg
    High School:
    Cedar Creek
    School District:
    Egg Harbor City Schools
    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 (under construction) will have 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
    Exterior Features

    Construction Materials MasonryAluminum SidingBrick Front Garage YN No Other Equipment None Parking Types On Street Property Condition Excellent Riparian Rights YN No Roof Asbestos Shingle Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 4760.00 Cooling Central A/C Flooring Wood Heating Radiator Heating YN Yes Net Square Feet 4760.00

    Property Features

    Acceptable Financing ConventionalCashExchangeNegotiable Accessibility Features 36"+ Wide Halls Assessment Year 2021 Association YN No Business Type MedicalOther Central Air YN Yes Cooling Fuel Natural Gas Cross Street Arago Street Electric 110 Volts Heating Fuel Natural Gas Historic YN No Hot Water Multi-Tank Lease Considered YN No Municipality Egg Harbor City Navigable Water YN N New Construction YN No Original MLSNumber 800797274762 Ownership Interest Fee Simple Possession Immediate Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 7694.00 Tax Assessment Amount 145700.00 Tax Lot 12.02 Transportation Airport Less Than 10 MilesBus Stop Less Than 1 Mile Vacation Rental YN No Water Source Public Zoning R-C

    Listing courtesy of Bhhs Fox & Roach-Margate.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Drayton Young. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-09-16T11:56:10.793.
     
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    Moorestown NJ, 08057