null, PLEASANTVILLE, NJ, 08232

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PLEASANTVILLE, NJ 08232
5,000 SqFt
Multi-family (2-4 units) / REO Foreclosure

1 of 80

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18 min from 1784 Upper Ranch Rd

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*** E BLACK HORSE BACK E ,PLEASANTVILLE - See Price Asking Price

5,000 SqFt

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Property Details
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Property Details for null St, PLEASANTVILLE, NJ 08232

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Sale Type

This is an REO, meaning this property has been foreclosed on because the owner couldn't meet their payments. The bank now owns this property. Most banks are not set up to own homes, and are often motivated to sell you the home at a discounted price.

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 business income, this property presents a prime opportunity.nThe 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.nThe 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.nThe 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.nThe property boasts three entrances for different levels, along with two separate city water/PSEG meterscentral 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.nFurthermore, the seller offers financing options, with interest rates as low as 5.2%, significantly lower than commercial mortgage rates.nThe property is being sold strictly in "as is, where is" condition.nThis 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!

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Property Brokerage: Tesla Realty Group LLC 560 Stokes ROAD 10B Medford NJ 8055
Copyright � 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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PLEASANTVILLE, NJ 08232

*** E BLACK HORSE BACK E ,PLEASANTVILLE - See Price Asking Price

Property Details for null St, PLEASANTVILLE, NJ 08232

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