205-207 PHILADELPHIA Ave
egg harbor city, NJ 08215$845,000
- contract signed
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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
Details
3,280 Sq Ft Exterior Space
Commercial
$7,694 Annual Tax
Built in 1910
MLS/Listing ID NJAC2000154
Listing Courtesy of BHHS FOX & ROACH-MARGATE, ROBERT A. ROSENTHAL - 609-822-4200
Source of Data: BRIGHT MLS
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All information deemed reliable but not guaranteed. Last date updated: 04/24/2025.
Source: Bright Multiple Listing Service, Inc.
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