101 East Black Horse Back Street East
101 East Black Horse Back Street East
$599,000
4
4
5,000
5,000
$120
Description
This stunning, multi-use renovated building offers numerous possibilities, and the lucky buyer will make a great return on this investment. Centrally Located on the corner of Black Horse Pike and Franklin Ave, the property underwent a complete renovation in 2008, resulting in a total available area of 5000 sqft, excluding an additional 800 sqft on the third floor. However, the tax records only indicate a size of 3628 sqft. With a large parking lot accommodating 12 to 15 cars, and boasting a strong...This stunning, multi-use renovated building offers numerous possibilities, and the lucky buyer will make a great return on this investment. Centrally Located on the corner of Black Horse Pike and Franklin Ave, the property underwent a complete renovation in 2008, resulting in a total available area of 5000 sqft, excluding an additional 800 sqft on the third floor. However, the tax records only indicate a size of 3628 sqft. With a large parking lot accommodating 12 to 15 cars, and boasting a strong business income, this property presents a prime opportunity. The first-floor commercial space spans 2500 sqft and has served as a beauty and wellness center for 16 years, generating substantial income. It features a spacious entrance room, five treatment rooms, a large training room, two full bathrooms, a first-floor laundry, and a sizable kitchen/dining area. Perfect for a salon, spa, nail shop, or professional offices, including medical practices, it could even be converted into a restaurant. The commercial space has the potential to yield significant rental income, ranging from $3000 to $3200 per month. Additionally, one of the treatment rooms could be partitioned for residential renting, with its separate entrance. The second floor, also spanning 2500 sqft, comprises three large bedrooms, each with an attached full bathroom, two well-appointed kitchens, two generously sized sitting rooms, and a second laundry room. It can be rented out as two to three separate units, fetching as much as $2800 to $3,200 per month. The third floor offers an extra bonus, with 800 sqft of space featuring a full bathroom, an unfinished kitchen, and three rooms currently utilized for storage. This unit presents further profit potential if utilized effectively. Exiting the door leads to a spacious ceiling deck, providing a delightful relaxation spot during the summer months. The property boasts three entrances for different levels, along with two separate city water/PSEG meters,central air conditioning and interior and exterior security systems. It comes equipped with four refrigerators, multiple window air conditioners, TVs in each room, and beautiful furnishings. All equipment can be transferred at a very reasonable price. Furthermore, the seller offers financing options, with interest rates as low as 5.2%, significantly lower than commercial mortgage rates. The property is being sold strictly in "as is, where is" condition. This distinguished property presents a golden opportunity. Don't miss your chance to secure your best investment today! Schedule a viewing to witness the wonders of this property firsthand!
- Listed by Yongmei Tan • Tesla Realty Group LLCP: 6095800975 maytan1619@gmail.com
Property Details for 101 East Black Horse Back Street East
Tax ID Number
19-00076-00001
OwnershipFee Simple
Structure TypeDetached
StyleColonial, Dwelling with Rental
WaterfrontNo
GarageNo
MunicipalityPLEASANTVILLE CITY
Central AirYes
Location
LISTING UPDATED: 04/24/2024 01:33 PM
Property Details for 101 East Black Horse Back Street East
Status | Active |
---|---|
MLS # | NJAC2011716 |
Days on Market | 46 |
Taxes | $11,086 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 1930 |
Lot Size | 0.21 AC / 9,147 SF |
County | Atlantic County |
Location
Building Information for 101 East Black Horse Back Street East
Stories-Residences3Year Built1930Building Size-Lot Size0.21 AC / 9,147 SF
Payment Calculator
$4,193 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 101 East Black Horse Back Street East
Property History for 101 East Black Horse Back Street East
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 101 East Black Horse Back Street East
This home is within Pleasantville Public School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | PK to 12 | |||
Public - | PK to 12 | |||
Public - | PK to 5 |
Rating | School | Distance |
---|---|---|
Washington Avenue Elementary School PublicPK to 5 | ||
Decatur Avenue Early Childhood Center PublicPK to 12 | ||
Pleasantville High School PublicPK to 12 | ||
South Main St Elementary School PublicPK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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