7 Unit Apartment Building, in a desirable rental market. 4 studios, 1 one bedroom and 2 two bedrooms, one of the 2 bedrooms has 2 bathrooms the rest have 1 Basement houses all mechanicals, has been left empty and clean by current landlord All roofing replaced in the past 5 years Fully Tenant Occupied Gross Annual Income = Approx. $85,000 (leases include flat rates for utilities) 5 of the 7 leases expire this year. 5 of those could have rent raises to closer to market value. 2024 P&L Sheet available upon request. Professionally managed by Realty Solutions with easy transfer of services to new Landlord Owner.
Directions: From Cooper Street - Turn RIGHT/LEFT onto Avalon Ave; PIQ on LEFT. USE GPS
Interior Features
Heating: Baseboard - Electric
Heating Fuel: Electric
Cooling: Window Unit(s), Electric
Water Heater: Natural Gas
Total Number of Units: 7
Accessibility: None
Exterior Features
Stories: 3
Is New Construction: No
Construction: Frame
Roof: Shingle
Septic or Sewer: Public Sewer
Utilities: Electric Available, Natural Gas Available, Sewer Available, Water Available
Has Garage: No
Parking Spaces: 7
Site Description: Corner Lot/Unit
Lot Size in Acres: 0.67
Lot Size in Sq. Ft.: 28,998
Dimensions: 100.00 x 290.00
Zoning: COMM
Building Total Area (Sq. Ft.): 5,500
Has Waterfront: No
Has Water Access: No
School
School District: DEPTFORD TOWNSHIP PUBLIC SCHOOLS
Additional Information
ListDate: 2025-04-17 00:00:00.0
Possession: Immediate, 0-30 Days CD, 31-60 Days CD, 61-90 Days CD
Property Type: COM
Property SubType: Commercial Sale
Year Built: 1950
Status: Active
Tax Year: 2024
Tax Amount: $15,171
Ownership Interest: Fee Simple
Exclusions: Tenants Personal Property
Available For Lease: No
Business Type: Apartment Building
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.