140 Philadelphia Ave, Egg Harbor City, NJ 08215

$385,000

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Sold Price
$385,000
List Price
$449,000
Closing Date
Jan 31, 2024
Days on Market
117
Status
SOLD CO OP NON MEMBER
MLS#
576575
Year Built
1890
County
Atlantic

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!

Additional Information

Area
Egg Harbor City
Taxes
$8,676

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Listing courtesy of Keller Williams Realty Jersey Shore-Ocean City. Contact:

Selling Office: .

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional Multiple Listing Service. Real Estate listings held by brokerage firms other than ThinkW Real Estate are marked with the Broker Reciprocity logo (a little black house) and detailed information about them includes the name of the listing brokers.

Information is deemed accurate but not guaranteed.

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