About 205-207 Philadelphia Ave
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
Features of 205-207 Philadelphia Ave
| MLS® # | NJAC2000154 |
|---|---|
| Price | $845,000 |
| Bathrooms | 0.00 |
| Square Footage | 4,760 |
| Acres | 0.08 |
| Year Built | 1910 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Pending |
Community Information
| Address | 205-207 Philadelphia Ave |
|---|---|
| Area | Egg Harbor City |
| City | EGG HARBOR CITY |
| County | ATLANTIC-NJ |
| State | NJ |
| Municipality | EGG HARBOR CITY |
| Zip Code | 08215 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Radiator |
|---|---|
| Cooling | Central A/C |
Exterior
| Exterior | Masonry, Aluminum Siding, Brick Front |
|---|---|
| Roof | Asbestos Shingle |
| Construction | Masonry, Aluminum Siding, Brick Front |
Additional Information
| Date Listed | August 1st, 2021 |
|---|---|
| Days on Market | 465 |
| Zoning | R-C |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Listing Ownership | Fee Simple |