3 E Mantua Ave - Storefront Retail/Residential FOR SALE


Wenonah, NJ 08090
$585,000 USD
856-924-9444
3 E Mantua Ave, Wenonah, NJ for Sale
$585,000 USD
Storefront Retail/Residential - FOR SALE
1/11
null | Request Cap Rate

NEW


3 E Mantua Ave
Wenonah, NJ 08090


OVERVIEW

3 E Mantua Ave in Wenonah Is a mixed use property that offers one commercial storefront, and three residential apartments. Recent upgrades include. A new roof installed July of 2024 a new top coat of asphalt for the parking lot, exterior paint, common area stairwell redone and upgrade and one of the units was recently renovated. Each unit is forced air heat with window units for A/C.. All hot water heaters were replaced 7 years ago and are in good working order. The building has been meticulously maintained throughout the years. Currents rents are as follows, Unit 1 (storefront) pays $1,600 Per month, one year left on current lease with a 3 year option to extend. Unit 2 ( 2 bedroom) pays $1,000 per month on a month to month lease. Unit 3 (1 bedroom) was just recently renovated and pays $1,300 per month. There lease ends Jan 2026. Unit 4 (1 bedroom) pays $1000 per month, Month to month. the landlord pays for the Taxes, Water, Sewer & Gas. Tenets Pay electric. 2024 expenses totaled $22,500 giving this property an NOI of $36,300. This building is in a great location located in the historical part of Wenonah.

FOR SALE DETAILS

PRICE

$585,000 USD

PRICE/SF

$154 USD /SF

CAP RATE

Request Cap Rate

% LEASED

100%

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,473 SF

ZONING

C-1

APN/PARCEL ID

19-00058-0000-00007

ASK ABOUT THIS PROPERTY

Nicholas RaioPenzone RealtyMore Info
856-924-9444

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Nicholas RaioPenzone RealtyMore Info
856-924-9444

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