Remarks

HAVE YOUR 3 APARTMENTS SUBSIDIZE YOUR MORTGAGE/SHOP/BUSINESS EXPENSES!! Owner Operator for Retail/Garage/Storage Space and large parking lot with stable residential triplex or an excellent “Mixed Use” opportunity for an investor in a prime retail location CORNER LOT in Audubon (Camden County) with existing successful bedliner business, 7 conditioned garage bays, retail space, basement storage and multiple (triplex) residential 2-bedroom/1-bathroom rental units (currently occupied). This is a turn key property and a great opportunity for an Owner Operator who can run their business out of the retail store front, garages and parking lot and collect passive income from the existing Triplex rental units with strong rental history. Owner Operator model ideal for Auto Mechanic, HVAC/Plumbing/Electrician/Landscape Contractor/Automotive After Market/Truck Bedliner or any business with several required vehicles and field employees. With 2,400+ SF for the 3 residential units that are recently renovated and 4,900 SF of combined commercial use space between the retail store front, 7 garage bays, storage areas, bathroom and basement.
> Total Triplex potential Annual Rental Income $114,000 to $132,000. With potential Annual Net Operating Income $88,000 to $107,000
> The location is directly on the main road going through the center of Audubon with 19,242 traffic counts per day. This is an excellent location for a retail store.
> Built in the early 1900s and has gone through several renovations and upgrades in the past few decades and the property and buildings are very well maintained. Parking in front and back for 15+ outside spaces and 10+ spaces inside.
>Triplex is 2,418 SF with three residential two-bedroom and one-bathroom units with consistent rental income that is currently $54,000 annually before the next rent increase. Two upstairs kitchens, stoves, refrigerators and hardwood floors are 1-2 years old and have 2-year-old bathrooms.
> Windows 1-2 years old, CCTV Camera System, One 12000 lb 4 post drive on lift, 2 Air compressors with air dryer and auto drain, 2 pressure washers with hose reels, all lighting converted to energy saving LED, 2 LED lighting exterior sign boxes with timer
> Garage roof ages: Front garage bay roof brand new. Middle garage roof 1 year old. Over residential apartment roof units 3 years old. Rear garage bay roof 15-20 years old.
> 158 S White Horse Pike, Audubon, NJ 08106 only 20 mins from center city Philadelphia and only a few miles from Route 295 and Route 130 for easy access to the north and south and east.
> 0.34 acres zoned for Commercial/Retail and Residential (Mixed Use)
*** Seller financing optional and negotiable ***

Details

MLS#: NJCD2079578
Price: $1,499,000

Year Built: 1909

County: CAMDEN
Tax Fee: 11318.0