Listing Courtesy of: Joe Wiessner Realty LLC (609) 561-1010
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Rare downtown Hammonton investment: a four-unit mixed-use building on a corner in the Heart of Hammonton fronting both Washington and 12th Streets. Up front, a two-story circa-1886 residence full of period character holds two residential units -- a 4BR/2BA and a 2BR/1.5BA. To the rear, a considerably newer structure houses the income anchor: an approximately 1,800 SF commercial storefront (an established tattoo studio, and the best-conditioned space on the property) with a 2BR/1BA apartment above it. The two eras give you a genuine mix -- vintage residential and a more modern commercial unit -- currently grossing in the neighborhood of $6,500/month +/- with real room to reposition and grow. Built for a multi-unit hold: electric and gas are separated (tenant-paid), and the 1886 building carries a 50-year roof with roughly 40 years remaining. A courtyard and prominent street signage round it out. This is a value-add opportunity, plainly stated -- the residential interiors are dated and ready for renovation. Bring your crew and your vision: update the units, raise the rents, and force the upside in a walkable downtown where foot traffic and local business already thrive. Income-producing corners in downtown Hammonton don't come to market often. Run your numbers -- this one rewards the hands-on investor.
Listing Courtesy of: Joe Wiessner Realty LLC (609) 561-1010
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.