4 Unit Mixed-use | Resi & Retail Storefronts 205 Philadelphia Ave
4 Unit Apartment Building $1,790,025 CAD ($447,506 CAD/Unit) 6.05% Cap Rate Egg Harbor City, NJ 08215
INVESTMENT HIGHLIGHTS
- 4 Units | 2 Residential & 2 Commercial Retail Storefronts
- Great for an Owner-user purchaser or Investor Seeking Cash Flow and Appreciation / Depreciation
- Prime Downtown Location in Egg Harbor City
- Renovated Units providing many years of beautiful product and deferred maitenance
EXECUTIVE SUMMARY
Prime 4 unit Mixed-Use Investment Opportunity | 2 Residential Apartments & 2 Retail Storefront Commercial Units
The Elia Realty Group (ERG), powered by KW Commercial, proudly presents 205 Philadelphia Avenue in Egg Harbor City, New Jersey. This versatile mixed-use property offers both commercial and residential spaces, making it an excellent investment opportunity.
The ground floor features commercial retail units, providing high visibility in a bustling business district. Above, the second floor boasts a spacious three-bedroom, one-bathroom apartment, recently updated with fresh paint, refinished hardwood floors, a modernized kitchen, and stainless steel appliances. Residents enjoy convenient access to local shops and public transportation.
Positioned in a high-traffic commercial area, 205 Philadelphia Avenue is ideal for investors seeking a property with strong rental potential and long-term value.
The Elia Realty Group (ERG), powered by KW Commercial, proudly presents 205 Philadelphia Avenue in Egg Harbor City, New Jersey. This versatile mixed-use property offers both commercial and residential spaces, making it an excellent investment opportunity.
The ground floor features commercial retail units, providing high visibility in a bustling business district. Above, the second floor boasts a spacious three-bedroom, one-bathroom apartment, recently updated with fresh paint, refinished hardwood floors, a modernized kitchen, and stainless steel appliances. Residents enjoy convenient access to local shops and public transportation.
Positioned in a high-traffic commercial area, 205 Philadelphia Avenue is ideal for investors seeking a property with strong rental potential and long-term value.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Security System
- Bay Window
- Ceiling Fans
- Tile Floors
- Crown Molding
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Satellite TV
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Carpet
- Wi-Fi
- Basement
- Breakfast Nook
- Den
- Double Pane Windows
- Family Room
- Linen Closet
- Mother-in-law Unit
- Office
- Pantry
- Recreation Room
- Skylights
- Smoke Free
- Wheelchair Accessible (Rooms)
- Window Coverings
- Workshop
- Large Bedrooms
- Quartz Countertops
SITE AMENITIES
- 24 Hour Access
- Business Center
- Laundry Facilities
- Security System
- Guest Apartment
- Smoke Free
- Trash Pickup - Curbside
- Storage Space
- Private Bathroom
- Fiber Optic Internet
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 4 | - | 1,073 |
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PROPERTY TAXES
| Parcel Number | 07-00207-0000-00012-02 | Total Assessment | $249,089 CAD |
| Land Assessment | $35,215 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $213,875 CAD | Tax Year | 2024 |
ZONING
| Zoning Code | Comm/Resi (Mixed-use Zone. Residential and commercial retail storefronts.) |
