20 Juliustown Rd - Storefront Retail/Residential FOR SALE


Browns Mills, NJ 08015
$389,000 USD
856-810-5712
20 Juliustown Rd, Browns Mills, NJ for Sale
$389,000 USD
Storefront Retail/Residential - FOR SALE
1/19
null | 7.75% Cap Rate

20 Juliustown Rd
Browns Mills, NJ 08015


OVERVIEW

Excellent opportunity to add to your portfolio with this 4 unit mixed use building located on main corridor of Browns Mills close to Lakehurst Rd. and Trenton Ave.. The building features 2 commercial units on the bottom floor and 2 apartments upstairs with large parking area in the rear of the building. The downstairs commercial space is leased out by a spa on a yearly basis and occupies both units which was a previous hair salon for many years. Total Square footage of 3,150 sq. ft. for both floors with a raised roof installed in 2016. There are two apartments upstairs with long term tenants and excellent rental history. Total income of $45,600 per year with the current rent roll with plenty of upside. The rear of the property has a decent sized parking area for tenants and customers. There is an egress to Market Street from the rear of the property and access to public parking if needed. Adjacent properties are convenience store, restaurant and residential properties. Dont miss out on this opportunity with excellent income and even more upside.

FOR SALE DETAILS

PRICE

$389,000 USD

PRICE/SF

$195 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Investment Property 4 Units

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

-

APN/PARCEL ID

29-00554-0000-00011-0006

ASK ABOUT THIS PROPERTY

Jason BensteadBerkshire Hathaway Fox & Roach - Devon-WayneMore Info
856-810-5712

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Jason BensteadBerkshire Hathaway Fox & Roach - Devon-WayneMore Info
856-810-5712

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.