Collingswood, NJ 08108,693 HADDON AVE

$550,000

Est. payment /mo

$550,000

Est.Price: ?

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693 HADDON AVE Collingswood, NJ 08108

980 Sqft Lot

SOLD DATE : 03/26/2018

Key Details

Sold Price $550,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Subdivision Downtown

MLS Listing ID 1004138221

Year Built 1947

Annual Tax Amount $6,170

Tax Year 2017

Lot Size 980 Sqft

Property Description

Business is not for sale - Restaurant tenant has 10 year gross lease whereas tenant pays for 1/2 taxes, 1/2 water /sewer & ccmua, and own maintenance. There are two 2br apartments above. Noted expenses below include half taxes, 1/2 water/sewer & ccmua. Also included is Insurance for the building, inspection fees, & maintenance at 7% of gross income. Total est expenses-16,267 The two apartments are currently vacant but rent projections for each are $1,250 p/m. Net Operating Income aprox $48,200. Cap rate- 8.76% Cash on Cash return aprox 8.6% ( includes 10k CC) Great Investment Property in the middle of Collingswood's Downtown.

Location

State NJ

County Camden

Area Collingswood Boro (20412)

Zoning CBD

Rooms

Other Rooms Primary Bedroom

Interior

Flooring Tile/Brick

Exterior

Utilities Available Water Available, Sewer Available, Electric Available, Phone, Cable TV Available

Water Access N

Roof Type Pitched

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Collingswood Borough Public Schools

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Bright MLS (BMLS)
Listed by Patric J. Ciervo • Keller Williams - Main Street
Bought with Patric J. Ciervo • Keller Williams - Main Street

Jason Gareau

Broker

+1(609) 929-4486

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