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4 MILL ST hot

Mount Holly, NJ 08060

0

239500 -100.0%

-1 Bed

-1 Bath

-1 SqFt


UPDATED

Key Details

Property Type Commercial

Lot Size 9,999 Sqft

Purchase Type For Sale

Listing Status Active

MLS Listing ID NJBL103390

Special Sale Standard

Property Description

**Fully Rented** - Cash Flow- Solid Investment! Located in the heart of an up and coming Mount Holly Historic District and Mill Race Village accompanied by such fine restaurants as the famous Robin's Nest, this one is not to be missed! Burlington County Seat is located here as is the new culinary Arts Center at RCBC, a 19,000 square foot, regional landmark. Take a look around town and you'll notice a significant change in the landscape as well as infrastructure. Improvements are being made to roads and bridges. What does that mean for your business when the city is committed to helping attract more? Your investment makes more sense. This one has a a new restaurant going in and has signed a two-year lease. There are two additional residential units on second and third floors. Numbers make total sense on this one. Restaurant is on a two-year lease, apt units are on a one-year lease. Total Gross rent = $3225. Mortgage on 80 LTV approx. $1295 Net income per month approx. $1930. Net income per year approx. $23,160. Investor makes 20% down payment money back in two years, not to mention the asset can be depreciated*. *Check with financial advisor for more information.

Location

State NJ

County Burlington

Subdivision None Available

Area Mount Holly Twp (20323)

Zoning B1

Rooms

Other Rooms Master Bedroom

Master Bedroom Unspecified Level

Interior

Sewage Type Public Sewer

Water Public

Hot Water Natural Gas

Heating Baseboard - Electric,Baseboard - Hot Water

Cooling Central A/C

Exterior

Waterfront N

Water Access N

Building

New Construction N

Style Other

Schools

Elementary Schools John Brainerd Elementary School,Gertrude C. Folwell Elementary School

Middle Schools F. W. Holbein Middle School

High Schools Rancocas Valley Regional High School

School District Mount Holly Township Public Schools

Others

Tax Amount $7,748

Tax Year 2018

Ownership Fee Simple

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Listing Provided By Michael J Holloway (1645251) of Keller Williams Realty - Moorestown

Nearby School & Properties

74 WALK
SCORE
Very Walkable

PROPERTY HISTORY

Date Event Price Source

    Neighborhood Demographic

    Danielle Wilson Keller Williams Moorestown

    Danielle Wilson

    Agent | License ID: 1642939

    6092340176

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