Description
GREAT INVESTMENT OPPORTUNITY .......FULLY LEASED Mixed use multi unit property in business district of Pennsauken. It is located in a busy strip center at Cove Rd and Westfield with lots of visibility. Approx 750 sq.ft open floor plan Store Front has a fully executed 3 year lease with rent $1,000/month year one. Tenant has clothing design and retail store. 1 restroom. Space was recently freshly painted. 2 apartments are currently leased with positive cash flow. Lower unit (582 sq.ft.) is 1BR 1BA $770/mo. Has had a long term tenant for the past 4 years. Lease just rolled over in February 2020. Upstairs apartment (1345 sq.ft.) is 3BR 1BA. $1,275/mo with another long term tenant who would like to stay. Lease in place through October 2020. Tenants pay electric. Landlord provides gas and water/sewer. BRAND NEW ROOF! Full basement is completely dry and offers lots of storage space. 2 parking spaces in the alley behind for the apartments. Lots of street parking in front and plenty of foot traffic. Sold Strictly As Is but in very good condition.
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0BEDS
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0.05ACRES
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0BATHS
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01/2 BATHS
Description
GREAT INVESTMENT OPPORTUNITY .......FULLY LEASED Mixed use multi unit property in business district of Pennsauken. It is located in a busy strip center at Cove Rd and Westfield with lots of visibility. Approx 750 sq.ft open floor plan Store Front has a fully executed 3 year lease with rent $1,000/month year one. Tenant has clothing design and retail store. 1 restroom. Space was recently freshly painted. 2 apartments are currently leased with positive cash flow. Lower unit (582 sq.ft.) is 1BR 1BA $770/mo. Has had a long term tenant for the past 4 years. Lease just rolled over in February 2020. Upstairs apartment (1345 sq.ft.) is 3BR 1BA. $1,275/mo with another long term tenant who would like to stay. Lease in place through October 2020. Tenants pay electric. Landlord provides gas and water/sewer. BRAND NEW ROOF! Full basement is completely dry and offers lots of storage space. 2 parking spaces in the alley behind for the apartments. Lots of street parking in front and plenty of foot traffic. Sold Strictly As Is but in very good condition.
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