United StatesNew JerseyEgg Harbor City205-207 Philadelphia Avenue

205-207 Philadelphia Avenue
205-207 Philadelphia Avenue Egg Harbor City, New Jersey 08215 United States

$845,000
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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...

Goldcoast Sotheby's International Realty

Listing Courtesy of Goldcoast Sotheby's International Realty
Commercial
Property type
549198
Web Id
549198
MLS ID
Greater Egg Harbor Regional
School District
22
days ago

About 205-207 Philadelphia Avenue

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 Grand Opening today, Oct 6, lease is for 60 months with 2 five-year options at 3% bump per year. Dental Care 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.

Listing Courtesy of BHHS FOX and ROACH-Margate

features

cooling
Central Air Conditioning
Listing Courtesy of Goldcoast Sotheby's International Realty

Goldcoast Sotheby's International Realty

Listing Courtesy of Goldcoast Sotheby's International Realty
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