Leases have just been increased and renewed for easy financing with long term written leases in place. This 5 unit mixed use building has no current vacancies and the leases total $87,900 annually. The current projected CAP rate based on income and expenses is 8.5%. This building has 3 residential apartments and 2 retail storefronts all with long term leases. Several updates have been made but there's still more room for growth and increased rent with full market potential exceeding $95,000 annually. Units are as follow: Apt 1 one bed one bath, Apt 2 one bed 1one bath, Apt 3 Three bed one bath, Storefront A Nail Salon, Storefront B Art/Tattoo studio. Tenants pay their own utilities for gas, heat, electric, hot water, and even sub-metered water. Additional details are available upon request.
Bellmawr is located in New Jersey. Bellmawr, New Jersey has a population of 11,631. Bellmawr is more family-centric than the surrounding county with 32.77% of the households containing married families with children. The county average for households married with children is 28.19%.
The median household income in Bellmawr, New Jersey is $66,667. The median household income for the surrounding county is $75,485 compared to the national median of $69,021. The median age of people living in Bellmawr is 40.3 years.
The average high temperature in July is 87.2 degrees, with an average low temperature in January of 27.2 degrees. The average rainfall is approximately 45.1 inches per year, with 13.2 inches of snow per year.
