$365,000
$395,000
7.6%For more information regarding the value of a property, please contact us for a free consultation.
8,500 SqFt
SOLD DATE : 10/20/2023
Key Details
Sold Price $365,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 8,500 sqft
Price per Sqft $42
MLS Listing ID NJCD2052592
Sold Date 10/20/23
Originating Board BRIGHT
Year Built 1940
Annual Tax Amount $12,315
Tax Year 2022
Lot Size 0.359 Acres
Acres 0.36
Lot Dimensions 125.00 x 125.00
Property Description
Excellent investment candidate. Currently rented as offices and generates $36000 annual income.
Several options, such as rehab project for apartments or demo building and build new town homes .New soil line
( lateral) installed 8/1/23.
Income: Front office long term tenant $750.00 monthly (below market rent)
Consisting of 4 offices/rooms, kitchen and bath.
Rear Office(s) 8 rooms/offices. Tenancy approx 15 years. $1600.00 monthly.
Loft Top floor- 2 rooms/offices $250.00. Was previously rented at $550.00 monthly.
First floor 2 additional offices/rooms rented.
Large Basement is Vacant. Can be additional office rentals.
This property is a cash cow!
Location
State NJ
County Camden
Area Cherry Hill Twp (20409)
Zoning COMMERCIAL
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 15.0
Utilities Available Cable TV, Natural Gas Available, Sewer Available, Water Available
Water Access N
Roof Type Pitched,Shingle
Accessibility 2+ Access Exits
Total Parking Spaces 15
Garage N
Building
Lot Description Level, Rear Yard, Road Frontage
Foundation Block
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Cherry Hill Township Public Schools
Others
Tax ID 09-00041 01-00007
Ownership Fee Simple
SqFt Source Assessor
Security Features Electric Alarm,Fire Detection System
Acceptable Financing Cash, FHA 203(k)
Listing Terms Cash, FHA 203(k)
Financing Cash,FHA 203(k)
Special Listing Condition Standard
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Bought with Murray J Rubin • HomeSmart First Advantage Realty
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Agent | License ID: 1863935