Remarks

A unique opportunity for an owner-occupant or investor to own a building with a 1,700 +/- sq ft 1st floor office/multi-use space, three apartments, and 20 parking spaces, all within a stone's throw to the PATCO high speedline. The recently-remodeled 1st fl office (currently being used as a wellness center) contains three private offices , a large reception area and a versatile wide-open high-ceilinged 25' x 30' space with a sep entrance that is currently used as a yoga studio, The 2nd floor offers 3 apartments, providing over $34,000 in rental income(rents are currently undervalued!). Current Gross Income is over $60,000 but could easily be closer to 70k! Main entrance to the downstairs commercial space is adjacent to the large parking lot, and apartments have a private exterior entrance. Also, expansion for the first floor to open into the 2nd & 3rd floor would be easily accomplished. Building is located on a large 100 x 150 lot that would allow for expansion or development. ** Note - Expenses include taxes, insurance, utilities, vacancy & maintenance **

Details

MLS#: NJCD2081360
Price: $650,000

Year Built: 1922

County: CAMDEN
Tax Fee: 20888.0