94 E Browning Rd, Bellmawr, NJ 08031
- $750,000
- List Price
- $750,000
- Days on Market
- 84
- Status
- ACTIVE
- MLS#
- NJCD2117074
- Lot Size (Acres)
- 0.13
- Year Built
- 1955
- County
- Camden
- School District
- Bellmawr 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.
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Additional Information
- Area
- Bellmawr Boro (20404)
- Taxes
- $11349
- School District
- Bellmawr Public Schools
- Heating
- Radiator, Baseboard - Electric
- Heating Fuel
- Natural Gas
- Cooling
- Other
- Roof
- Pitched, Flat
- Utilities
- Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available, Above Ground
- Water
- Public
- Sewer
- Public Sewer
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Listing courtesy of RE/MAX Select - Princeton. Contact: 6099219202