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Simone Velvel

simone@thevelvelgroup.com +1(703) 507-7614

Listed by Robert A. Rosenthal • BHHS Fox & Roach-Margate

$845,000

Est. payment - /mo

3,280 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Pending

Purchase Type For Sale

MLS Listing ID NJAC2000154

HOA Y/N N

Year Built 1910

Annual Tax Amount $7,694

Tax Year 2021

Lot Size 3,280 Sqft

Acres 0.08

Lot Dimensions 40x82

Property Sub-Type Mixed Use

Source BRIGHT

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

Acceptable Financing Conventional, Cash, Exchange, Negotiable

Listing Terms Conventional, Cash, Exchange, Negotiable

Financing Conventional,Cash,Exchange,Negotiable

Special Listing Condition Standard

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Nearby Locations

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland 20895, USA

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205-207 PHILADELPHIA AVE Egg Harbor City, NJ 08215