BUYERS FINANCING FELL THROUGH - NO INSPECTIONS HAVE BEEN DONE. LOW TAXES, Low Maintenance and well maintained INVESTMENT Opportunity. This Fully rented multi use TRIPLEX is located in the heart of Oaklyn on bustling Clinton Avenue. This building benefits from being in the center of a collection of thriving businesses with plenty of street AND public parking. The first floor beautiful fully rehabbed retail shop is a popular established Barber Shop with a lease in place through June, 2024. Behind the shop with a separate front entry is a main level office space with 2 large rooms, large foyer/entry, full bath, kitchenette area and additional access to large patio and parking. This tenant is currently month to month. On the second level also with a separate entry from the rear is a 2 bedroom apartment with hardwood flooring, generous size rooms, high ceilings, deck, tons of natural sunlight with a washer and dryer and a lease ending August 1, 2022. There is a full basement with good head heights for tons of storage. In the rear of the building is a double driveway able to accommodate 2 cars. NEW electrical panels (NO knob & tube), fire monitoring system has a new cellular modem uplink module, two NEW hot water heaters, remote camera for monitoring basement heating and hot water heaters. Convenient downtown location close to restaurants, brewery's, transportation, major highways, bridges and airport. Philadelphia is just 7 minutes away! Property is in good condition however it is being sold in As Is condition. Total monthly rents 2021 ($2,225) Barber shop $575; Rear Office $400; Upper 2 Bed Apt $1,250 Total Monthly Income $2,225 - Total Monthly Expenses $839.75= $1,385.25 Monthly PROFIT
Listing courtesy of Compass New Jersey, LLC.
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