228 Philadelphia Egg Harbor City, NJ 08215

Other MLS #: 604271 Courtesy Of eXp Realty, LLC

Property InformationDescription

Mixed-Use Investment Opportunity in Egg Harbor City with a 9.3% cap rate Welcome to 228 Philadelphia Avenue, a partially occupied, income-producing mixed-use property located in the heart of Egg Harbor City s business district close to shopping and restaurants. This well-maintained building features three total units, including one commercial space and two residential units, offering positive cash flow with additional upside. The commercial unit is occupied by an accountant s office, providing stable, professional tenancy and excellent street visibility. The 1-bedroom residential unit is currently occupied, while the spacious 4-bedroom unit is vacant with tenant applications submitted and pending approval, allowing for immediate income potential or flexibility for an owner-occupant. A detached garage adds additional value and convenience. The property is conveniently located close to restaurants, shopping, and public transportation, enhancing long-term tenant appeal and walk ability. This property also presents an excellent opportunity for an owner-occupant seeking strong cash flow. Please note that financing is limited to commercial financing or cash purchases only.

Features

  • Age: Over 50 Years Old
  • Building Units: 3
  • Cooling System: Window Unit(s)
  • Cooling System: Multi Units
  • Cooling System: Central Air
  • Floors: 2
  • Heating System: Electric (Heating)
  • Heating System: Natural Gas
  • MLSID: 604271
  • Rooms: Bathroom 2
  • Rooms: Bathroom 3
  • Rooms: Bathroom 1

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228 Philadelphia, Egg Harbor City, NJ 08215
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