Description
FULL APPROVALS IN PLACE FOR 4 story 12 apartments with 20 car garage parking. Currently 2 apartments and a 5000 Sq ft warehouse on the property. Rent roll in place for the warehouse at $7500 a month and one apartment at $1750 a month with office space rented out at $2500 a month. Can either purchase and hold long term or use for personal use and up the rent or can develop and add value. So many different possibilities doable with a prime location that's only growing in value by the day. Do not miss out on an opportunity to own mixed use in one of the hottest areas in NJ with an incredible cap and back end value.
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0BEDS
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0.11ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
FULL APPROVALS IN PLACE FOR 4 story 12 apartments with 20 car garage parking. Currently 2 apartments and a 5000 Sq ft warehouse on the property. Rent roll in place for the warehouse at $7500 a month and one apartment at $1750 a month with office space rented out at $2500 a month. Can either purchase and hold long term or use for personal use and up the rent or can develop and add value. So many different possibilities doable with a prime location that's only growing in value by the day. Do not miss out on an opportunity to own mixed use in one of the hottest areas in NJ with an incredible cap and back end value.
© 2023 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or The CG Group | RE/MAX Revolution. Data last updated 2023-06-08T16:20:19.13.
Listing information © 2023 Monmouth-Ocean MLS. Listing provided courtesy of Aleksandr Pritsker of Exp Realty: (866) 201-6210.