MLS#NJCD2117074
STATUSACTIVE
PROPERTY TYPECommercial -
SCHOOLBELLMAWR PUBLIC SCHOOLS
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.
Property Features
Property Type: Commercial -
Fuel Type: Natural Gas
Heating: Radiator, Baseboard - Electric
Lot Size: 0.13 Acres
Roof Type: Pitched, Flat
Taxes: $11,349
Year Built: 1955
Feature Descriptions
Days on Site: 1
Exterior: Block
Location: Urban
Lot: Level
Lot Dimensions: 0.13 Acre(S)
Municipality: BELLMAWR BORO
Parking Notes: Public
Sewer: Public Sewer
Total Garage/Parking Spaces: 2
Units: 5
Utilities: Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available, Above Ground
Water: Public
Local Schools
School District: BELLMAWR PUBLIC SCHOOLS
Listed By / Shown By
Listed By
Agency Name: RE/MAX Select - Princeton
Agency Phone: 6099219202
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0400
94 E Browning Road | MLS# NJCD2117074
This commercial property located at 94 E Browning Road, Bellmawr, NJ 08031 is currently listed for sale with an asking price of $750,000. E Browning Road is located within the BELLMAWR PUBLIC SCHOOLS school district. Search Bellmawr real estate on www.realtymark.net today.