693 HADDON AVE, Collingswood, New Jersey
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.
Listing Courtesy of Main Street Realty