$950,000 |
Coms |
| Active | |
| Built in 1920 | |
| MLS # NJCD2044692 |
Are you an Investor looking for instant cash flow with the potential to raise rents without any improvements, look no further! Located in the heart of downtown Camden, right between City Hall and Rutgers University and in Camden Counties Opportunity Zone! 5 residential units plus a commercial storefront on the first floor. Three floors, each approximately 2,100sf each. All long term tenants, and all on significantly below market month to month leases. The perfect situation for an investor to cash flow from day one with the ability to easily increase rents, and Camden County Opportunity Zone with tax break incentives to make this a true cash cow! Interior of all units were fully remodeled in 2010 and a new roof installed about 2 years ago. Storefront on first floor is currently a thriving cafe but there's enough space to use for a restaurant, office space, additional residential units, barber/beauty salon, daycare, convenience store, laundromat, or start your own business and let the residential units pay your rent for you! Possibilities are endless. Huge basement with outside access and tons of storage space. In the back is an extra 75' of property for parking or to create an additional outdoor space. Opportunities like this don't come around every day, so don't miss this one!
Are you an Investor looking for instant cash flow with the potential to raise rents without any improvements, look no further! Located in the heart of downtown Camden, right between City Hall and Rutgers University and in Camden Counties Opportunity Zone! 5 residential units plus a commercial storefront on the first floor. Three floors, each approximately 2,100sf each. All long term tenants, and all on significantly below market month to month leases. The perfect situation for an investor to cash flow from day one with the ability to easily increase rents, and Camden County Opportunity Zone with tax break incentives to make this a true cash cow! Interior of all units were fully remodeled in 2010 and a new roof installed about 2 years ago. Storefront on first floor is currently a thriving cafe but there's enough space to use for a restaurant, office space, additional residential units, barber/beauty salon, daycare, convenience store, laundromat, or start your own business and let the residential units pay your rent for you! Possibilities are endless. Huge basement with outside access and tons of storage space. In the back is an extra 75' of property for parking or to create an additional outdoor space. Opportunities like this don't come around every day, so don't miss this one!
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