Excellent opportunity to add to your portfolio with this 4 unit mixed use building located on main corridor in Browns Mills, close to Lakehurst Rd. and Trenton Ave.. The building features 2 commercial units on the 1st floor and 2 apartments on 2nd floor. The downstairs commercial space is leased out by a spa on a yearly basis and occupies both units the spa has been a tenant for years. There are two apartments upstairs with long term tenants and excellent rental history. The total income of the property is $45,600 per year, the P&L is located in documents. Rental rates are below market value with a good deal of upside. The rear of the property has a decent sized parking area for tenants and customers. There is an egress to Market Street from the rear of the property and access to public parking if needed. The adjacent properties are a convenience store, restaurant and residential properties.
Browns Mills is located in New Jersey. Browns Mills, New Jersey has a population of 10,053. Browns Mills is less family-centric than the surrounding county with 21.33% of the households containing married families with children. The county average for households married with children is 32.09%.
The median household income in Browns Mills, New Jersey is $70,698. The median household income for the surrounding county is $95,935 compared to the national median of $69,021. The median age of people living in Browns Mills is 40.5 years.
The average high temperature in July is 86.9 degrees, with an average low temperature in January of 23.1 degrees. The average rainfall is approximately 46.8 inches per year, with 13.8 inches of snow per year.
