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205-207 Philadelphia

Egg Harbor City, NJ 08215
  • $845,000
  • STATUS: Active
  • ON SITE: 196 Days
  • MLS #: 549198
UPDATED: 3 min ago
$845,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Description

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 Grand Opening today, Oct 6, lease is for 60 months with 2 five-year options at 3% bump per year. Dental Care 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.

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© 2021 South Jersey Shore Regional MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Oceanside Realty Team | Keller Williams Jersey Shore. Properties marked with the Broker Reciprocity icon or thumbnail icon (a small house) are provided courtesy of the South Jersey Shore Regional MLS Broker Reciprocity Database. Data last updated 2021-10-22T07:49:51.153.
www.theoceansiderealtyteam.com/homes/115873321
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205-207 Philadelphia Egg Harbor City, NJ 08215

  • Price: $845,000
  • Status: Active
  • Updated: 3 min ago
  • MLS #: 549198
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Egg Harbor City
County:
Atlantic
Area:
Egg Harbor City
Property Description
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 Grand Opening today, Oct 6, lease is for 60 months with 2 five-year options at 3% bump per year. Dental Care 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.
Exterior Features

Commercial Style Comm. W/Apartments Location Business DistrictSee Remarks Lot Dimensions 40X82 Roof Asphalt Siding Exterior Frame/Wood Stories 2

Interior Features

Air Conditioning Central

Property Features

Approved Short Sale N/A Auction YN No Available Lease Information Bank Owned Foreclosure No Buildings 1 May Be Subject To Third Party Approval Short Sale No Sewer Public Sewer Tax Year 2020 Taxes 7694 Water Public

Listing information © 2021 South Jersey Shore Regional MLS.
Listing provided courtesy of Bhhs Fox And Roach-Margate.


© 2021 South Jersey Shore Regional MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Oceanside Realty Team | Keller Williams Jersey Shore. Properties marked with the Broker Reciprocity icon or thumbnail icon (a small house) are provided courtesy of the South Jersey Shore Regional MLS Broker Reciprocity Database. Data last updated 2021-10-22T07:49:51.153.
 
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