200 W Kings Hwy - Apartments FOR SALE


Mount Ephraim, NJ 08059
$489,000 USD
856-810-5712
200 W Kings Hwy, Mount Ephraim, NJ for Sale
$489,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

200 W Kings Hwy
Mount Ephraim, NJ 08059


OVERVIEW

Excellent investment opportunity located off the Black Horse Pike on Kings Hwy. just minutes to Philadelphia. This 4 unit building has 3 apartments and a retail store front. All units have recently been renovated and all up to date. The store front is occupied by a salon for 6 years. Two large two bedroom units and a legal 1 Bedroom unit that could be 2 bedrooms that was recently rented for $1400/ month. The store front (approx 900sqft) and has been set up as a salon for 20 plus year. The 2-2BR units have been occupied by the same tenants for 16 years and 25 years. Each apartment has a washer and dryer, separate entrances and separate utilities. The building shows very well and has great rental history with excellent upside on the current rentals. The property is located on a corner lot with off street parking on the side and rear of building. Potential income of $73,800 if brought up to market value with the 2-2BR units.

FOR SALE DETAILS

PRICE

$489,000 USD

PRICE/SF

$172 USD /SF

# OF UNITS

4

PRICE/UNIT

$122,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

Multi

APN/PARCEL ID

25-00051-0000-00001-01

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.