$535,000
$549,900
2.7%For more information regarding the value of a property, please contact us for a free consultation.
1.95 Acres Lot
SOLD DATE : 07/07/2023
Key Details
Sold Price $535,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NJAC2007554
Sold Date 07/07/23
Originating Board BRIGHT
Year Built 1952
Annual Tax Amount $4,823
Tax Year 2022
Lot Size 1.950 Acres
Acres 1.95
Lot Dimensions 0.00 x 0.00
Property Description
2 Words…. Cash Flow… 2 separate properties with 3 possible streams of income. First, we have a 2 bedroom 1 bath, walk up attic, well maintained. Tenants are current on all rent payments. Next up we have a fully licensed junkyard, (formerly a u pull it yard/ parts sale) fully fenced in, with 3 street frontage. Trailer has separate electric, and was used as the office. Lastly, we have a 2 car garage/former used car lot (30-40+-car parking) with 10ft doors and recently serviced lift. Newer roof and siding on the building, turn key. Garage & junkyard is commercial zoning, and home is residential. All will be sold together. Total acreage combined is a little over 5 acres. Great opportunity for the right buyer. Cap rate was at a little over 8% on previous rental number, at current asking price. Call Today to see your cash flow opportunity before it’s gone!!! All being sold in "As Is" Condition.
Location
State NJ
County Atlantic
Area Mullica Twp (20117)
Zoning PT
Interior
Hot Water Electric
Heating Forced Air
Cooling None
Heat Source Oil
Exterior
Garage Spaces 2.0
Waterfront N
Water Access N
Roof Type Architectural Shingle
Accessibility None
Parking Type Parking Lot
Total Parking Spaces 2
Garage N
Building
Lot Description Open, Additional Lot(s)
Foundation None
Sewer Septic Exists
Water Well
New Construction N
Schools
School District Greater Egg Harbor Region Schools
Others
Tax ID 17-02701-00010
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Frank Maione • Century 21 Reilly Realtors