205-207 Philadelphia Avenue Egg Harbor City, NJ 08215
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
- Property TypeCommercial
- NeighborhoodN/A
- CountyAtlantic
- Taxes$7,694
- HOA/Condo/Coop Fees$0
- Days on Site308 Days
- MLS StatusPending
- MLS ID NumberNJAC2000154
- Home Size Source Estimated
- Year Built1910
- Lot Size0.08 Acres
- Full BathsN/A
- Partial BathsN/A
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Learn MoreRecent Activity For 205-207 Philadelphia Avenue Egg Harbor City, NJ 08215
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General Features
- Construction Aluminum Siding
- Parking On Street
- Sewer Public Sewer
- Acreage 0.08
- Water Public
- Cross Street Arago Street
- Property Sub Type Mixed Use
- Attached Garage No
- Zoning R-C
Interior Features
- Cooling Central A/ CNatural Gas
- Heating RadiatorNatural Gas
- Flooring Wood
Exterior Features
- Roof Asbestos Shingle
- Spa No
- Waterfront Property No
Community Features
- MLS Area Egg Harbor City (20107)