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$845,000 Sale Pending

  • For Sale
  • Pending
  • Business
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Bank of America, Dental Care of Egg Harbor, LLC, two 3-bedroom apartments, 100% occupied. Lease with BOA started in 2013 for 15 years, has 7 years remaining. Years 16 to 30 go from $2927/month to $3,522.67/month. BOA reimburses 25% of all operating expenses. Dental Care lease is for 60 months with 2 five-year options at 3% bump per year. Dental Care just opened has ADA compliant bathroom. Leases escalate yearly. Buyer and seller will follow Bulk Sales Act, C9600, certified at least 10 days prior to settlement. 2nd floor two 3-BR apartments one at $1,200/month and one at $1,100/month. 4 units at 1,156 sf for total 4,624 sf. Cap Rate 7.66%. Located in busy commercial area near public transportation. Great Investment Opportunity! Call listing broker to show

Full Property Details for 205-207 Philadelphia Ave

General

  • Price: $845,000
  • Taxes: $7,694 (2021)
  • Status: Pending
  • Type: Business
  • Source: BrightMLSPhilly
  • MLS ID: NJAC2000154
  • Updated: 8/6/2024
  • Added to Site: 1, 382 day(s) ago

Business

  • Business Type: Medical, Other

Interior

  • Flooring: Wood

Parking

  • Parking Type: On Street

Location

  • Area: Egg Harbor City (20107)
  • Municipality: EGG HARBOR CITY
  • County: Atlantic
  • Cross Streets: Arago Street
  • Driving Directions: West on Rt 30 turn right on Philadelphia Ave - property on left. East on RT30 turn left on Philadelphia - property 2 blocks on left

School Information

  • Middle School: Fanny D Rittenberg
  • High School: Cedar Creek

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating Fuel: Natural Gas
  • Water Heater: Multi-tank

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Masonry, Aluminum Siding, Brick Front
  • Roof: Asbestos Shingle
  • Stories/Levels: 0
  • Year Built: 1910
  • Year Built Source: Estimated
  • Property Condition: Excellent

Unit Information

  • # Tenants: Multiple

Lot Features

  • Lot Size (Acres): 0.08
  • Lot Size (Sq. Ft.): 3,280
  • Lot Size Source: Estimated
  • Lot Dimensions: 40 x 82
  • Zoning: R-C

Financial Considerations

  • Price Per Sq. Ft.: $177.52
  • Assessment Year: 2021
  • Tax w/Assessment: $145,700
  • Tax Amount: $7,694
  • Tax Year: 2021

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot Number: 12.02

Listed by BHHS Fox & Roach-Margate, Robert A. Rosenthal

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Listing agent

— 205-207 Philadelphia Ave —

  • Robert A. Rosenthal

    BHHS Fox & Roach-Margate

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 205-207 Philadelphia Ave

School Districts:Greater Egg Harbor Region Schools, Egg Harbor City Schools
RatingNameGradesDistance
3
Fanny D Rittenberg Middle School
730 Havana Ave, Egg Harbor Cy, NJ 08215
4-80.4 mi
3
Charles L Spragg Elementary School
601 Buffalo Ave, Egg Harbor Cy, NJ 08215
PK-30.6 mi
4
Cedar Creek High School
1701 New York Ave, Egg Harbor Cy, NJ 08215
9-121.8 mi
2
Oakcrest High School
1824 Dr Dennis Foreman Dr, Mays Landing, NJ 08330
9-125.5 mi
4
Absegami High School
201 S Wrangleboro Rd, Galloway, NJ 08205
9-127.8 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 205-207 Philadelphia Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/13/2022
Sold
$840,000
-0.59%
Public Record
8/01/2021
Listed
$845,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 205-207 Philadelphia Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$9,343
-1%
$173,300
—
2022
$9,450
24%
$173,300
19%
2021
$7,613
-1%
$145,700
—
2019
$7,657
—
$145,700
—
2018
$7,670
15%
$145,700
2%
2017
$6,682
3%
$143,200
—
2016
$6,491
6%
$143,200
—
2015
$6,123
4%
$143,200
—
2013
$5,911
—
$143,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

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NMLS#: 1598647

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Listed by BHHS Fox & Roach-Margate, Robert A. Rosenthal

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205-207 Philadelphia Avenue, Egg Harbor City, NJ 08215 (MLS# NJAC2000154) is a Business property. 205-207 Philadelphia Avenue is currently listed for $845,000 and was received on August 01, 2021. Want to learn more about 205-207 Philadelphia Avenue? Do you have questions about finding other Business real estate for sale in Egg Harbor City? You can browse all Egg Harbor City real estate or contact a Coldwell Banker agent to request more information.

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