Jan Grissinger - Coldwell Banker Hearthside

IQWeb_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

IQWeb_Details

IQWeb_MLS468617
IQWeb_StyleIQWeb_Office Bldg
IQWeb_SubtypeResale
IQWeb_StatusActive
IQWeb_Year2006
IQWeb_Days_on_Site441

IQWeb_Features

IQWeb_Storys2
IQWeb_Units19

Loading Form

Loading Form

IQWeb_Area_Information

IQWeb_StateNJ
IQWeb_CountyAtlantic
IQWeb_CityGalloway Township
IQWeb_Zip_Code08205
IQWeb_AreaGalloway Twp
Listing VS Median (in 08205)
Price:
$1,098,000
low | high
Med:
$181,900
100% of Average
On Site:
441
low | high
Med:
81.5
100% of Average
IQWeb_Listing_Updated: 08/14/2018
MLS Number: 468617
IQWeb_Listing_Provided_By:
SCOTT REIGHARD  IQWeb_of  RE MAX ATLANTIC