$845,000 205-207 Philadelphia Ave Egg Harbor City, NJ

MLS: 549198   Type: Commercial   County: Atlantic   City: Egg Harbor City   Zip: 08215   Style: Comm. w/Apartments     Stories: 2   Taxes: $7,694

Mortgage $3,967 /mo



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Bank of America, Dental Care of Egg Harbor, LLC, two 3-bedroom apartments, 100% occupied. Lease with BOA started in 2013 for 15 years, has 7 years remaining. Years 16 to 30 go from $2927/month to $3,522.67/month. BOA reimburses 25% of all operating expenses. Dental Care Grand Opening today, Oct 6, lease is for 60 months with 2 five-year options at 3% bump per year. Dental Care has ADA compliant bathroom. Leases escalate yearly. Buyer and seller will follow Bulk Sales Act, C9600, certified at least 10 days prior to settlement. 2nd floor two 3-BR apartments one at $1,200/month and one at $1,100/month. 4 units at 1,156 sf for total 4,624 sf. Cap Rate 7.66%. Located in busy commercial area near public transportation. Great Investment Opportunity! Call listing broker to show.

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Price History

4/8/2021 Listed $845,000

Listing Area Egg Harbor City
Location Business District, See Remarks
Roof Asphalt
Sewer Public Sewer
Status Active
Status Active
Status Detail 0
Style Comm. w/Apartments
Tax Year 2020
Taxes 7694
Water Public

Interior Features

# of Units 4
Air Conditioning Central
Stories 2

Exterior Features

Exterior/Siding Frame/Wood
Lot Dimensions 40x82
Number of Buildings 1

Property Schools

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Gallery (23 photos)

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Property vs Zip Code Avg (08215)

Price 845K Avg 391K

Taxes $7,694 Avg $9,446

Visits 34 Avg 43

Days on Site 197 Avg 138

Walkscore® 61 Avg 49

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: BHHS FOX and ROACH-Margate

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Location & Address

Jessica Finchman J
5467 Harding Hwy (Rt 40)
Mays Landing, NJ