94 E BROWNING RD, Bellmawr, NJ 08031
94 E BROWNING RD, Bellmawr, NJ 08031
94 E BROWNING RD, Bellmawr, NJ 08031
94 E BROWNING RD, Bellmawr, NJ 08031
94 E BROWNING RD, Bellmawr, NJ 08031
94 E BROWNING RD, Bellmawr, NJ 08031
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Melissa Yates

Melissa Yates

+1(443) 413-3397
Listed by Nathaniel Parker • RE/MAX Select - Princeton
$ 750,000
Est. payment | /mo

5,611 Sqft Lot

Save
$ 750,000
Est. payment | /mo
Save

5,611 Sqft Lot

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID NJCD2117074

Year Built 1955

Annual Tax Amount $11,349

Tax Year 2024

Lot Size 5,611 Sqft

Acres 0.13

Lot Dimensions 85.00 x 66.00

Property Sub-Type Mixed Use

Source BRIGHT

Property Description

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

State NJ

County Camden

Area Bellmawr Boro (20404)

Zoning COMMERCIAL

Interior

Hot Water Natural Gas

Heating Radiator, Baseboard - Electric

Cooling Other

Heat Source Natural Gas

Exterior

Garage Spaces 2.0

Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available, Above Ground

Water Access N

Roof Type Pitched,Flat

Street Surface Black Top

Accessibility None

Road Frontage Boro/Township

Total Parking Spaces 2

Garage N

Building

Lot Description Level

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Bellmawr Public Schools

Others

Tax ID 04-00137-00046

Ownership Fee Simple

Acceptable Financing Negotiable

Listing Terms Negotiable

Financing Negotiable

Special Listing Condition Standard

Bright MLS (BMLS)

Nearby Locations

Melissa Yates

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(443) 413-3397

melissa-yates@kw.com

231 Najoles Rd, Millersville, MD, 21108, USA

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94 E BROWNING RD