205-207 PHILADELPHIA AVENUE
Egg Harbor City, New Jersey, 08215, United States
4,760 ft²
0.08 acres
- beds
- baths
Property Provided By
- Robert Rosenthal
- BHHS Fox & Roach-Margate
- +1 (609) 822-4200
$5,070 cashback!
Property Information
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
Directions
West on Rt 30 turn right on Philadelphia Ave - property on left. East on RT30 turn left on Philadelphia - property 2 blocks on left
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Listing Information © 2024 BrightMLS. All Rights Reserved.
Courtesy of Robert Rosenthal, BHHS Fox & Roach-Margate robert.rosenthal@foxroach.com
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available.
This content last updated on 2024-07-24 12:03:42.
Property Provided By
- Robert Rosenthal
- BHHS Fox & Roach-Margate
- +1 (609) 822-4200
$5,070 cashback!
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