Damon Kramer - Coldwell Banker Hearthside
309/311 S New York Road
Galloway Township, NJ 08205

$1,098,000

Description

9.22% CAP RATE with 85% FINANCING AVAILABLE (to qualified buyer) resulting in 44.33% initial rate of return!! on this massive ONE OF A KIND income producing property. 9800 sq ft of commercial/office space occupying 3 separate buildings. total of 19 units currently 74% occupied by seller's own design to allow space for end user occupant. seller does little advertising other then a single sign out front!! remarkable income on these office suites!! seller has arranged a fantastic financing package to offer up to 85% financing of this project. original dwelling totally redone in 2006 and both 1 story buildings built new at the same time. perfect for straight investment or owner occupant. huge full unfinished basement available for storage or added income. built-in dumpster rooms keeps the property perfectly maintained

Details

MLS#468617
StyleIQWeb_Office Bldg
Sub-TypeResale
StatusActive
Year2006
Days On Site443

Features

Story(s)2
Units19

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Area Information

StateNJ
CountyAtlantic
CityGalloway Township
Zip Code08205
AreaGalloway Twp
Listing VS Median (in 08205)
Price:
$1,098,000
low | high
Med:
$178,950
100% of Average
On Site:
443
low | high
Med:
236
100% of Average
Listing Updated: 08/17/2018
MLS Number: 468617
Listing Provided By:
SCOTT REIGHARD  of  RE MAX ATLANTIC