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678 FLORENCE ST
CAMDEN, NJ 08104-2211
Asking Price
$275K
Asset Type
Mixed-use
Class
Class B
What's Special
7,000 SqFt Commercial Building with endless possibilities <p>Behind this boarded-up, graffiti-covered time capsule lies the ghost of what was once the MLK Child Development Center. The bathrooms are out of service (and have been for a while), and any copper or metal has long since taken a one-way trip to the local scrapyard. But don’t let that fool you—this nearly 7,000 SqFt commercial block building is a blank canvas for your imagination! Bring it back to life with a full refurb, or go full “demo day” and start fresh. Either way, the possibilities are
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NOI
$80,000
Cap Rate
29.09%
DSCR
4.90
Strong
Cash-on-Cash
77.18%
Monthly Payment
$1,360.55
Annual Cash Flow
$63,673.401
