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About This Home
This 0-bedroom, 0-bathroom residential multi family at 94 E BROWNING Road in Bellmawr, NJ is listed for $750,000 ($188 per sqft). Built in 1955, the home offers 4,000 sqft of living space on a 0.13 acres lot.
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.
Key Features
- Built in 1955
- 0.13 acre lot
Property Details
Monthly Cost Estimate
$4,011/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
94 E BROWNING Road
Bellmawr, NJ 08031
Property Details
Construction
Parking
Heating
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 94 E BROWNING Road is listed at $750,000 ($188/sqft). The estimated monthly payment is $3,250 based on 20% down at 6.5% interest.
Key features include: Built in 1955, 0.13 acre lot.
This property is listed by Nathaniel S Parker and can be reached at 6099214511 or agentnateparker@gmail.com.
