228 Philadelphia, Egg Harbor City, NJ 08215
sale
$575,000
|
Other
Courtesy Of eXp Realty, LLC
Mixed-Use Investment Opportunity in Egg Harbor City with a 9.3% cap rate Welcome to 228 Philadelphia Avenue, a partially occupied, income-producing mixed-use property located in the heart of Egg Harbor City s business district close to shopping and restaurants. This well-maintained building features three total units, including one commercial space and two residential units, offering positive cash flow with additional upside. The commercial unit is occupied by an accountant s office, providing stable, professional tenancy and excellent street visibility. The 1-bedroom residential unit is currently occupied, while the spacious 4-bedroom unit is vacant with tenant applications submitted and pending approval, allowing for immediate income potential or flexibility for an owner-occupant. A detached garage adds additional value and convenience. The property is conveniently located close to restaurants, shopping, and public transportation, enhancing long-term tenant appeal and walk ability. This property also presents an excellent opportunity for an owner-occupant seeking strong cash flow. Please note that financing is limited to commercial financing or cash purchases only.
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Property Features
- Age: Over 50 Years Old
- Building Units: 3
- Cooling System: Window Unit(s)
- Cooling System: Multi Units
- Cooling System: Central Air
- Floors: 2
- Heating System: Electric (Heating)
- Heating System: Natural Gas
- MLSID: 604271
- Rooms: Bathroom 2
- Rooms: Bathroom 3
- Rooms: Bathroom 1
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