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Key Details
Sold Price $385,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 576575
Sold Date 01/31/24
Year Built 1890
Annual Tax Amount $8,676
Tax Year 2022
Property Description
Welcome to this excellent real estate opportunity in downtown Egg Harbor City! This property features a storefront and three separate apartment units, ensuring a steady cash flow with great income potential. The two 1-bedroom apartments are already rented at $1,200 each, while a 3rd spacious 1-bedroom apartment, with the potential to add more rooms, is rented for $1,400. The storefront, strategically located, commands a rent of $1,700 per month. The advantage of separate utilities for each unit simplifies management and adds value to the investment. This mixed-use building is perfectly situated for maximum visibility and convenience in the heart of Egg Harbor, with bustling foot traffic and a vibrant community. Don't miss this chance to own a lucrative property with multiple income streams in a prime location. Act fast and make this cash-flowing gem yours today!
Location
State NJ
County Atlantic
Community Egg Harbor City
Area Egg Harbor City
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