94 E BROWNING Rd, Bellmawr, NJ 08031
- Sqft
- 4,000
View property features, location on map, relevant school information and overview from seller's agent.
- 0
- 0
Overview
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.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Square feet
- 4,000
- Lot size (acres)
- 0.13
- Year built
- 1955
Utilities
- Heating
- Natural Gas
- Cooling
- Other
- Sewer
- Public Sewer
- Water
- Public Water
Taxes
- Tax Annual Amount (2024)
- $11,349
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Bright MLS MLS®#: NJCD2117796 Last checked: …
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