$330,000
Sold

205 Philadelphia Avenue

Egg Harbor City, NJ 08215
0.08 acres | #499831
Type:Purchase
Structure:Commercial
Zone:Commercial

Description

Located in busy commercial area near public transportation. Strategic location next to Wells Fargo and US Post Office. 4-unit commercial/retail/apartment building (2 retail/office units, 1 vacant asking $1200/mo and 1 leased to Bank of America; plus 2 3-BR apartments occupied with long term tenants rented at $1000/mo and $1200/mo.) BOA reimburses 25% of all operating expenses, 10+years remaining of firm base term featuring 12% increases every 5 years, including options. Annual Net Operating Income $40,020 (per SF $8.58). Re showing instructions: Lockbox for retail space - Call for appointment for apartments.

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Last Updated: . Source: SJSMLS

Listing Courtesy
Listing Agent: ROBERT ROSENTHAL,GRI,CRS (#4462)
Listing Office: BHHS FOX and ROACH-Margate (#108)

Provident LegacyReal Estate Group
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