1110 New Jersey Avenue
North Wildwood,

Price: $99,900.00

1110 New Jersey Avenue

Ask For:

Brian McDowell
Brian McDowell
Email: brian@brianmcdowell.com
Office Phone: 609-729-7300
Cell Phone: 609-517-7848







Listing: 093905 Bedrooms: 0 Baths: 0
Lot Size: 40 x 100 Block: 178 Lot: 5
Zone: Type: comm Taxes: 1,200.00

Comments

ARE YOU LOOKING FOR A 7.5% RETURN ON YOUR INVESTMENT, YOUR NOT MAKING ANY MONIES NOT MAKING ANYTHING IN THE BANK. THISCOMMERCIAL CONDO UNIT IS ZONED GENERAL BUSINESS, CURRENTLY RENTED ON A YEAR ROUND LEASE, THIS PROPERTY HAS A NETOPERATING INCOME OF $20,352.00. YOU CAN'T GET A MUCH BETTER RETURN THAN THIS. THE CONDO FEE IS VERY REASONABLE, ITS$462.00 QUARTER AND INCLUDES WATER/SEWER, COMMON AREA, AND HAZARD INSURANCE. PROPERTY DOSEN'T CARRY FLOODINSURANCE THIS WOULD BE EXTRA IF A MORTGAGE WAS OBTAINED. THIS QUAINT LITTLE STORE FRONT IS CENTRALLY LOCATED IN NORTH WILDWOOD, OFFERS APPROXIMATELY 1000 SQ FT. UNIT FEATURES AHALF BATH, 2 EXTERIOR EXITS, A VERY EFFICIENT GAS FIREPLACE, CENTRAL AIR, 3 CAR OFF STREET PARKING AND HUGE DISPLAYWINDOWS. THERE ARE 4 UNITS TO THE CONDO ASSOCIATION, AND THE COMMERCIAL UNIT HAS A 50% VOTING RIGHT, EACH OF THEOTHERS ARE 16.333%. PROPERTY IS LANDSCAPED BEAUTIFULLY, AND FEATURES AN UNDERGROUND SPRINKLER SYSTEM. MOREINFORMATION ON REQUEST.

Property Features

Location ISLAND Financing CONVENTIONAL
Construction Type COMMERCIAL
Exterior Feature STORAGE BUILD Additional Feature CEILING FANS
Exterior Feature SECURITY LIGHT Additional Feature SMOKE ALARM
Exterior Feature UNDERGRND SPRIN Additional Feature
Interior Feature DISPLAY WINDOW Additional Feature
Interior Feature RESTROOM Comments SEE COMMENTS
Interior Feature SECURITY SYSTEM Comments
Specialty Room STORAGE Comments
Specialty Room Comments
Flooring WALL TO WALL Comments
Parking 1-5 SPACES Also Available
Heating NATURAL GAS Also Available
Cooling CENTRAL AIR Also Available
Hot Water ELECTRIC Also Available
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