205-207 PHILADELPHIA AVENUE, EGG HARBOR CITY NJ 08215

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Pending

$845,000

205-207 PHILADELPHIA AVENUE, EGG HARBOR CITY, NJ 08215

bedrooms

bathrooms

square feet

4,760

Acreage

0.08

Open Houses

year built

1910

Full Baths

Half Baths

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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 lease is for 60 months with 2 five-year options at 3% bump per year. Dental Care just opened 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

Location
Subdivision	-
County	ATLANTIC
Elementary School	-
Middle School	FANNY D RITTENBERG
High School	CEDAR CREEK

Driving directions

Open houses

None scheduled.

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MLS number: NJAC2000154

Listing agent: Robert Rosenthal,Gri,Crs

Listing broker: Berkshire Hathaway Homeservices Fox & Roach, Realtors

Copyright © 2025 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Wednesday, January 1 2025 at 3:28 a.m. EST

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