Leases have just been increased and renewed for easy financing with long term written leases in place. This 5 unit mixed use building has no current vacancies and the leases total $87,900 annually. The current projected CAP rate based on income and expenses is 8.5%. This building has 3 residential apartments and 2 retail storefronts all with long term leases. Several updates have been made but there's still more room for growth and increased rent with full market potential exceeding $95,000 annually. Units are as follow: Apt 1 one bed one bath, Apt 2 one bed 1one bath, Apt 3 Three bed one bath, Storefront A Nail Salon, Storefront B Art/Tattoo studio. Tenants pay their own utilities for gas, heat, electric, hot water, and even sub-metered water. Additional details are available upon request.
Utilities:
Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available, Above Ground
Has Garage:
No
Parking Spaces:
2
Site Description:
Urban
Lot Features:
Level
Lot Size in Acres:
0.13
Lot Size in Sq. Ft.:
5,611
Dimensions:
85.00 x 66.00
Zoning:
COMMERCIAL
Condition:
Average
Building Total Area (Sq. Ft.):
4,000
Road Description:
Black Top
Has Waterfront:
No
Has Water Access:
No
School
School District:
BELLMAWR PUBLIC SCHOOLS
Additional Information
ListDate:
2026-05-07 00:00:00.0
Possession:
Settlement
Property Type:
COM
Property SubType:
Commercial Sale
Year Built:
1955
Status:
Active
Tax Year:
2024
Tax Amount:
$11,349
Ownership Interest:
Fee Simple
Business Type:
Apartment Building, Other/General Retail
$
per month Year Fixed. % Interest Rate.
Principal + Interest:
$
Monthly Tax:
$
Monthly Insurance:
$
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.