Investment Property 4 Units | 20 Juliustown Rd
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Investment Property 4 Units 20 Juliustown Rd
2,000 SF 100% Leased Retail Building Browns Mills, NJ 08015 $546,421 CAD ($273 CAD/SF) 7.75% Cap Rate
Executive Summary
Excellent opportunity to add to your portfolio with this 4 unit mixed use building located on main corridor of Browns Mills close to Lakehurst Rd. and Trenton Ave.. The building features 2 commercial units on the bottom floor and 2 apartments upstairs with large parking area in the rear of the building. The downstairs commercial space is leased out by a spa on a yearly basis and occupies both units which was a previous hair salon for many years. Total Square footage of 3,150 sq. ft. for both floors with a raised roof installed in 2016. There are two apartments upstairs with long term tenants and excellent rental history. Total income of $45,600 per year with the current rent roll with plenty of upside.
The rear of the property has a decent sized parking area for tenants and customers. There is an egress to Market Street from the rear of the property and access to public parking if needed. Adjacent properties are convenience store, restaurant and residential properties. Dont miss out on this opportunity with excellent income and even more upside.
The rear of the property has a decent sized parking area for tenants and customers. There is an egress to Market Street from the rear of the property and access to public parking if needed. Adjacent properties are convenience store, restaurant and residential properties. Dont miss out on this opportunity with excellent income and even more upside.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
---|---|---|
Gross Rental Income | $64,053 | $32.03 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $64,053 | $32.03 |
Net Operating Income | - | - |
Financial Summary (Actual - 2023)
Gross Rental Income (CAD) | |
---|---|
Annual | $64,053 |
Annual Per SF | $32.03 |
Other Income (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income (CAD) | |
---|---|
Annual | $64,053 |
Annual Per SF | $32.03 |
Net Operating Income (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,000 SF
Building Class
C
Year Built/Renovated
1960/2022
Price
$546,421 CAD
Price Per SF
$273 CAD
Cap Rate
7.75%
NOI
$42,348 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.66
Land Acres
0.07 AC
Parking
7 Spaces (3.5 Spaces per 1,000 SF Leased)
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Investment Property 4 Units | 20 Juliustown Rd
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