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About the Listing MREM01 - 3285894
Leases have just been increased and renewed for easy financing with long term written leases in place. This 5 unit mixed use building has no current vacancies and the leases total $87,900 annually. The current projected CAP rate based on income and expenses is 8.5%. This building has 3 residential apartments and 2 retail storefronts all with long term leases. Several updates have been made but there's still more room for growth and increased rent with full market potential exceeding $95,000 annually. Units are as follow: Apt 1 one bed one bath, Apt 2 one bed 1one bath, Apt 3 Three bed one bath, Storefront A Nail Salon, Storefront B Art/Tattoo studio. Tenants pay their own utilities for gas, heat, electric, hot water, and even sub-metered water. Additional details are available upon request.
Listing Highlights
Status
Active
Days on Site
89
Property Type
Commercial Sale
MLS ®
NJCD2117074
Year Built
1955
Total Square Footage
4,000
Lot/Acreage
0.13
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Radiator,Baseboard - Electric
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Level,Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 2
- Lot Dimensions: 85.00 x 66.00
- Zoning: COMMERCIAL
- Roof: Pitched,Flat
- Others: Average
- Sewer: Public Sewer
- Parking Features: Public,On Street,Driveway,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $11,349
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
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Questions About..
94 E Browning Rd Bellmawr, NJ 08031
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