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Michael Practico

Richardson Commercial Realtors

Office Phone: 609-586-1000

 

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Published on: Thursday, April 7, 2016 5:23:42 PM
Updated on: Friday, April 8, 2016 9:30:14 AM
Purchase with B2B
Purchase with B2B
 Purchase with Business to Business
Quick Glance

Listing ID: CL-New Jersey-51275

Status: Accepting Offers

Financing: No Financing Available

Occupancy: 0%

Year Build: 0

 

Building Size: 0 SqFt

Lot Size: 0 Not Specified

No of Stories: 0

No of Parking: 0

Business Available for Sale: No

Is Net Lease Investment: No

Property On Ground Lease: No

Building Status: Existing

 Details

Offer to Millionaire Club: No

Listing Summary: Solid neighborhood long time Tenants. Apartments are clean and modern. Great Investment! The former Liquor store/bar/restaurant immediately across Reed Ave. is also for sale.

Acquisition Option Selected: Traditional Purchase

Cap Rate (%): 0

Commission Split (%): 0

Complete Details


Year Build: 0

Building Size: 0 SqFt.

No of Stories: 0

Total Lot Area: 0.00 Not Specified

No of Parking: 0

No of Total Units: 0

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Not Specified

Building Class: Not Specified

Property on Ground Lease?: No

Net Lease Investment?: No

Business Price Included?: No

Roofing: Not Specified

Occupancy: 0%

Full Description


The property is improved with a 3 story 1,807+ square foot mixed use building. The building was constructed in 1925+/-. The building has a brick and vinyl exterior, concrete foundation and a gable roof surfaced with a rubberized composite shingle. The rear portion of the building has a flat roof with a rubberized membrane. The first floor front of the building consists of a vacant store front 440+/- square feet. The flooring is primarily commercial grade carpet. The walls are masonry and gypsum board.  It is currently vacant. The first floor rear is a one bedroom efficiency apartment consisting of a Living room, kitchen, bath and 1 bedroom.  It is currently rented for $450.00 per month. The second floor of the building consists of a 1 or 2 bedroom apartment. The flooring is primarily carpet and tile.  The walls are masonry and gypsum board.  It is currently rented for $850.00 per month. There is a third floor that cannot be used for other than storage.   The building is serviced by a gas fired forced hot air heating system. Cooling is provided by a forced air system. The electrical service to the building is two phase, 150+/- amp, separate meters for all three units.

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