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200 W Kings Hwy

4 Unit Apartment Building $687,730 CAD ($171,932 CAD/Unit) Mount Ephraim, NJ 08059

Executive Summary

Excellent investment opportunity located off the Black Horse Pike on Kings Hwy. just minutes to Philadelphia. This 4 unit building has 3 apartments and a retail store front. All units have recently been renovated and all up to date. The store front is occupied by a salon for 6 years. Two large two bedroom units and a legal 1 Bedroom unit that could be 2 bedrooms that was recently rented for $1400/ month.
The store front (approx 900sqft) and has been set up as a salon for 20 plus year. The 2-2BR units have been occupied by the same tenants for 16 years and 25 years. Each apartment has a washer and dryer, separate entrances and separate utilities. The building shows very well and has great rental history with excellent upside on the current rentals. The property is located on a corner lot with off street parking on the side and rear of building. Potential income of $73,800 if brought up to market value with the 2-2BR units.

Property Facts

Price $687,730 CAD
Price Per Unit $171,932 CAD
Sale Type Investment
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.09 AC
Building Size 2,844 SF
No. Stories 2
Year Built 1950
Parking Ratio 0.35/1,000 SF
Cross Streets Davis Avenue

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
25-00051-0000-00001-01
Land Assessment
$44,407 CAD
Improvements Assessment
$233,276 CAD
Total Assessment
$277,683 CAD

zoning

Zoning Code Multi
Multi
  • Listing ID: 33301226

  • Date on Market: 2024-09-25

  • Last Updated:

  • Address: 200 W Kings Hwy, Mount Ephraim, NJ 08059

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