Bought with Wanda L McIlvaine • BHHS Fox & Roach-Mullica Hill South
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Key Details
Sold Price $235,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NJCD2024650
Sold Date 07/01/22
Year Built 1920
Annual Tax Amount $10,404
Tax Year 2020
Lot Size 3,724 Sqft
Acres 0.09
Lot Dimensions 113.00 x 32.94
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
First time offered in 33 years! What does that tell you?
Six (6) unit income producing property. Two commercial units and 4 residential units. Fully leased. All for several years! Commercial Unit 1: Store front, open room, powder room and storage area. Commercial Unit 2: Music studio, 5 small sound studio rooms and a powder room. Apartment D - 1st Floor: living room, kitchen, 2 bedrooms and bath. Second Floor. Apartment B: 1 bedroom, 1 kitchen, 1 living room, 1 bath. Apartment B : 1 bedroom, 1 kitchen, 1 living room, 1 bath. Apartment A: 2 bedrooms, 1 kitchen, 1 bath. Projected: FULL SERVICE NOI $16,589 Cap Rate 6.25% Est Value $265,423. SELF MANAGED NOI
$18,891 Cap Rate 6.25% Est Value $302,253. Trying to get into the real estate investment markets? Eliminate the “full management fee” and increase your value bargain price by $27,000. What a great opportunity for a real estate investor!
Location
State NJ
County Camden
Area Gloucester Twp (20415)
Zoning MIXED
Interior
Hot Water Natural Gas
Heating Baseboard - Hot Water
Cooling Window Unit(s)
Heat Source Oil
Exterior
Garage Spaces 1.0
Water Access N
Accessibility None
Total Parking Spaces 1
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Black Horse Pike Regional Schools
Others
Tax ID 15-10606-00004
Ownership Fee Simple
Special Listing Condition Standard
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