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693 HADDON AVE, Collingswood, New Jersey

$550,000Active

Property Details

693 HADDON AVE, Collingswood, New Jersey 08108 - Business is not for sale - Restaurant tenant has 10 year gross lease whereas tenant pays for 1/2 taxes, 1/2 water /sewer & ccmua, and own maintenance. There are two 2br apartments above. Noted expenses below include half taxes, 1/2 water/sewer & ccmua. Also included is Insurance for the building, inspection fees, & maintenance at 7% of gross income. Total est expenses-16,267 The two apartments are currently vacant but rent projections for each are $1,250 p/m. Net Operating Income aprox $48,200. Cap rate- 8.76% Cash on Cash return aprox 8.6% ( includes 10k CC) Great Investment Property in the middle of Collingswood's Downtown.

Amenities

  • Zip08108
  • CountyCamden
  • StatusActive
  • Purchase TypeActive
  • Property typeCommercial
  • School districtCOLLINGSWOOD BOROUGH PUBLIC SCHOOLS
  • Year built1947
  • Lot size0.02
  • SewerPublic Sewer
  • ParkingPublic
  • Tax amount$11,686.00
  • Tax year2016
  • Office IDCMSP01
  • Agent IDCCIERVPA
  • Agent namePatric J Ciervo
  • MLS® ID1004138221

Broker: Main Street Realty

Listing Courtesy of Main Street Realty

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