Description
GREAT INVESTMENT OPPORTUNITY .......FULLY LEASED Mixed use multi unit property in business district of Pennsauken. It is located in a busy strip center at Cove Rd and Westfield with lots of visibility. Approx 750 sf open floor plan Store Front is on a yaerly renewal lease with rent of $1,175. Tenant is occupying the space for the 4th year. It is a clothing design and retail store plus 1 restroom. Space was freshly painted and renenovated at the commencement of the lease in 2020. 2 apartments are currently leased with positive cash flow. Lower unit (582 sf) is 1BR 1BA $1050/mo and was also recently updated. Upstairs apartment (1345 sf) is 3BR 1BA. $1,449/mo with a long term tenant. Tenants pay electric. Landlord provides gas and water/sewer. Full basement is completely dry and offers lots of storage space. 2 parking spaces in the alley behind for the apartments. Lots of street parking in front and plenty of foot traffic. Sold Strictly As Is but in very good condition.
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0BEDS
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0.05ACRES
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0BATHS
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01/2 BATHS
Description
GREAT INVESTMENT OPPORTUNITY .......FULLY LEASED Mixed use multi unit property in business district of Pennsauken. It is located in a busy strip center at Cove Rd and Westfield with lots of visibility. Approx 750 sf open floor plan Store Front is on a yaerly renewal lease with rent of $1,175. Tenant is occupying the space for the 4th year. It is a clothing design and retail store plus 1 restroom. Space was freshly painted and renenovated at the commencement of the lease in 2020. 2 apartments are currently leased with positive cash flow. Lower unit (582 sf) is 1BR 1BA $1050/mo and was also recently updated. Upstairs apartment (1345 sf) is 3BR 1BA. $1,449/mo with a long term tenant. Tenants pay electric. Landlord provides gas and water/sewer. Full basement is completely dry and offers lots of storage space. 2 parking spaces in the alley behind for the apartments. Lots of street parking in front and plenty of foot traffic. Sold Strictly As Is but in very good condition.
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