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94 E BROWNING RD, BELLMAWR - UNDER CONTRACT
For Sale: $750,000
MLS: NJCD2117796 Beds: 0 Baths: 0 Type: Multi-Family Lot: 0.13 DOM: 87 Days
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Listing Broker: RE/MAX Select - Princeton |
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| 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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| FEATURES / AMENITIES |
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- Heating:Radiator
- Heating:Baseboard - Electric
- Heater:Natural Gas
- Negotiable
- Cooling:Other
- Public Sewer
- Block
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| REQUEST PROPERTY INFORMATION |
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94 E BROWNING RD, BELLMAWR NJ
0 Bedroom(s) | 0 Bathroom(s) | For Sale: $750,000 | MLS Number: NJCD2117796 | Property Type: Multi-Family
Provided by: Mancini Realty - www.mancinirealty.com
(Information Above Will Appear At The Top Of The Email That Is Sent to Mancini Realty) |
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