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
NJAC2000154
Mixed Use, Other
ATLANTIC
1910
0.08
Acres
Public
Aluminum siding,Brick
Public Sewer
$177.52
8/1/2021 12:00:00 AM
School Information
EGG HARBOR CITY SCHOOLS
FANNY D RITTENBERG
CEDAR CREEK
Interior Features
- Flooring
- Wood
- Cooling
- Central Air
- Heating
- Gas Heat. Radiant.
- Accessibility
- 36+ wide Halls.
Exterior / Lot Features
- Exterior
- Brick, Aluminum
- Roof
- Shingle - Asbestos
- Lot Dimensions
- 40x82
- Zoning
- R-C
- Structural Condition
- Excellent
Financial Considerations
Fee Simple
07-00207-00012 02
$7,694
Arrows indicate 90 day trend
Loading...