Description
Looking for a Great Blank Canvas To Structure Your Investment! 4,602.00 approx sq.ft mix use building with a store front and 2 apartments . All units separate gas and electric . First Floor is a Commercial storefront with private bathrooms. The commercial space is approximately 2,200 square feet. Apartment 1 has Three bedrooms. Apartment 2 is renovated/remodeled Two bedroom with Den/extra sleeping area is located in the heart of it all !!! Den is located on the lower level of this two story unit . Plus very large private deck off the kitchen . New Kitchen ,Flooring ,lighting, doors plus all new trim. Freshly painted Close to the Atlantic City Hospital ,Casinos , beach and boardwalk. Convenient location for Casino or Hospital workers!!! Potential Annual NOI of $59,850.00 cap rate of at 10% $598,500. 9% $665,000. 8% $748,125. Proforma rents : Storefront $3,000.00 or $36,000.00 . per year , Second floor $1,800.00 or $21,600.00 per year . Third floor $1,800.00 or $21,600.00 per year . Potential annual income of $79,200.00 .Water & Sewer $1,100.00 per year
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Looking for a Great Blank Canvas To Structure Your Investment! 4,602.00 approx sq.ft mix use building with a store front and 2 apartments . All units separate gas and electric . First Floor is a Commercial storefront with private bathrooms. The commercial space is approximately 2,200 square feet. Apartment 1 has Three bedrooms. Apartment 2 is renovated/remodeled Two bedroom with Den/extra sleeping area is located in the heart of it all !!! Den is located on the lower level of this two story unit . Plus very large private deck off the kitchen . New Kitchen ,Flooring ,lighting, doors plus all new trim. Freshly painted Close to the Atlantic City Hospital ,Casinos , beach and boardwalk. Convenient location for Casino or Hospital workers!!! Potential Annual NOI of $59,850.00 cap rate of at 10% $598,500. 9% $665,000. 8% $748,125. Proforma rents : Storefront $3,000.00 or $36,000.00 . per year , Second floor $1,800.00 or $21,600.00 per year . Third floor $1,800.00 or $21,600.00 per year . Potential annual income of $79,200.00 .Water & Sewer $1,100.00 per year
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