Tenant-Occupied Investment
216-218 London Avenue Egg Harbor City, NJ 08215
216-218 London Avenue, Egg Harbor City, NJ, 08215
$300,000
For Sale
$300,000
Tenant-occupied duplex with immediate income potential in Egg Harbor.
Property Size1,460 SF
Price / SF$205.48
Days on Market120
Property Features for 216-218 London Avenue
General Information
- Standard status
- Active
- Size
- 1,460 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1940
Listing agency
Jersey Property Group Realty
(609) 977-3926
Listed by
Donna Mancuso · License #0675353
(609) 977-3926
Source
Compass
Added: Mar 25 Updated: Jul 10 at 1:36PM Checked: Jul 22 at 11:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jersey Property Group Realty
Investment Insights
Based on property information with market context.
This tenant-occupied property is presented as a potential addition to an investment portfolio, offering immediate income. The property is currently leased, providing a transition for the next owner. It is offered strictly as-is, where-is, and the seller makes no representations or warranties. The buyer is responsible for all due diligence, inspections, and municipal requirements per New Jersey guidelines. Respect for tenant occupancy is requested, and approaching the property without a confirmed appointment is discouraged. Buyers are expected to conduct their due diligence regarding unit conditions. The sellers have limited knowledge of the property's measurements. The property size is 1460 square feet and is located on London Avenue in Egg Harbor City, New Jersey.
Key Highlights
- Tenant‑occupied property with immediate income potential.
- Currently leased, providing a seamless transition.
- Positioned as a strong addition to any investment portfolio.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.4k | $17.40 |
| − Vacancy | −$1.7k | −$1.13 |
| EGI | $23.8k | $16.27 |
| − OpEx | −$7.1k | −$4.88 |
| NOI | $16.6k | $11.39 |
1,460 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$237.5K
$207.8K – $277.1K
NOI $16,627 @ 7.0% cap · market cap 5.54%
Second Best
Apartment 5plus
$208.8K
$182.7K – $243.6K
NOI $14,614 @ 7.0% cap · market cap 4.87%
Theoretical Best
Warehouse
$543.7K
$475.7K – $634.3K
NOI $38,059 @ 7.0% cap · market cap 12.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Tenant-occupied duplex with immediate income potential in Egg Harbor.
Where is this duplex located?
The property is located at 216-218 London Avenue Egg Harbor City, NJ.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Tenant‑occupied property with immediate income potential.; Currently leased, providing a seamless transition.; Positioned as a strong addition to any investment portfolio.
