UPDATED:
10/17/2024 09:26 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 1,581 sqft
Price per Sqft $126
MLS Listing ID NJCD2067892
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $4,093
Tax Year 2023
Lot Size 1,581 Sqft
Acres 0.04
Lot Dimensions 20.00 x 79.00
Property Description
🔑 Calling all investors! This mixed-use property in Gloucester City is now available!
📈 Fully leased and boasting potential value-add, this property is perfect for expanding your portfolio or diving into your first investment venture.
🏪 The first-floor commercial storefront is freshly leased on a long-term 3-year agreement until 3/28/27, currently yielding $900/month with a built-in 5% annual rent escalation.
🏠 Upstairs, a spacious 1-bedroom apartment awaits, currently leased at $1,175/month until 8/31/24.
🛠️ Major renovations were completed within the past 2 years, including a new roof, HVAC system, and interior upgrades, ensure a hassle-free investment experience.
💼 Serious inquiries only, call now for further details and secure your piece of this lucrative investment opportunity!
Location
State NJ
County Camden
Area Gloucester City (20414)
Zoning COMMERCIAL
Interior
Hot Water Natural Gas
Heating Central
Cooling None
Heat Source Natural Gas
Exterior
Garage Spaces 4.0
Waterfront N
Water Access N
Accessibility 2+ Access Exits, 32\"+ wide Doors
Parking Type On Street
Total Parking Spaces 4
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Gloucester City Schools
Others
Tax ID 14-00138 01-00007
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Private, Conventional
Listing Terms Cash, Private, Conventional
Financing Cash,Private,Conventional
Special Listing Condition Standard
"My goal for each transaction is to give my buyers the information they need to make good decisions regarding neighborhoods, housing choices, pricing and negotiating the purchase."