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Kelly Stipa

kellystipa@yahoo.com +1(267) 249-9000

Listed by Nathaniel Parker • RE/MAX Select - Princeton

$750,000

Est. payment - /mo

5,611 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID NJCD2117074

Year Built 1955

Annual Tax Amount $11,349

Tax Year 2024

Lot Size 5,611 Sqft

Acres 0.13

Lot Dimensions 85.00 x 66.00

Property Sub-Type Mixed Use

Source BRIGHT

Property Description

Leases have just been increased and renewed for easy financing with long term written leases in place. This 5 unit mixed use building has no current vacancies and the leases total $87,900 annually. The current projected CAP rate based on income and expenses is 8.5%. This building has 3 residential apartments and 2 retail storefronts all with long term leases. Several updates have been made but there's still more room for growth and increased rent with full market potential exceeding $95,000 annually. Units are as follow: Apt 1 one bed one bath, Apt 2 one bed 1one bath, Apt 3 Three bed one bath, Storefront A Nail Salon, Storefront B Art/Tattoo studio. Tenants pay their own utilities for gas, heat, electric, hot water, and even sub-metered water. Additional details are available upon request.

Location

State NJ

County Camden

Area Bellmawr Boro (20404)

Zoning COMMERCIAL

Interior

Hot Water Natural Gas

Heating Radiator, Baseboard - Electric

Cooling Other

Heat Source Natural Gas

Exterior

Garage Spaces 2.0

Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available, Above Ground

Water Access N

Roof Type Pitched,Flat

Street Surface Black Top

Accessibility None

Road Frontage Boro/Township

Total Parking Spaces 2

Garage N

Building

Lot Description Level

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Bellmawr Public Schools

Others

Tax ID 04-00137-00046

Ownership Fee Simple

Acceptable Financing Negotiable

Listing Terms Negotiable

Financing Negotiable

Special Listing Condition Standard

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Nearby School & Business

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Kelly Stipa

+1(267) 249-9000

REALTOR® | License ID: RS226297L

REALTOR® License ID: RS226297L

94 E BROWNING RD Bellmawr, NJ 08031

Kelly Stipa

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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