$475,000
Mobile:
609-457-9457Office
609-399-0076x1350
0
INVESTOR ALERT- Turn Key Cash Flowing Commercial Mixed Use property ! 4,602.00 approx sq.ft building with a store front and 2 apartments . All units separate gas and electric . First Floor is a Commercial storefront with private bathrooms. The commercial space is approximately 2,200 square feet. Apartment 1 has Three bedrooms. Apartment 2 is renovated/remodeled Two bedroom with Den/extra sleeping area is located in the heart of it all !!! Den is located on the lower level of this two story unit . Plus very large private deck off the kitchen . New Kitchen ,Flooring ,lighting, doors plus all new trim. Freshly painted Close to the Atlantic City Hospital ,Casinos , beach and boardwalk. Convenient location for Casino or Hospital workers!!! Annual NOI of $50,250.00 cap rate of at 10% $502,500. 9% $558,333 8% $628,125 Rental income: Storefront $2,500.00 or $30,000.00 . per year , Second floor $1,650.00 or $19,800.00 per year . Third floor $1,650.00 or $19,800.00 per year . annual income of $69,600,00 .Water & Sewer $1,100.00 per year
Total Rooms | |
Full Bath | 0 |
# of Stories | |
Year Build | |
Lot Size | |
Tax | 8782.00 |
SQFT |
OutsideFeatures | Deck, Sidewalks |
OtherRooms | Den/TV Room, Kitchen |
Water | Public |
Bedrooms | 0 |
Half Bath | 0 |
# of Stories | |
Lot Dimensions | |
# Units | Duplex |
Tax Year | 2022 |
Area | Atlantic City |
ParkingGarage | None |
Heating | Gas-Natural, See Remarks |
Sewer | Public Sewer |