1222-1230 1st Ave - Apartments FOR SALE


Asbury Park, NJ 07712
$2,200,000 USD
732-546-7501
1222-1230 1st Ave, Asbury Park, NJ for Sale
$2,200,000 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

1222-1230 1st Ave
Asbury Park, NJ 07712


HIGHLIGHTS

  • 1222-1230 1st Avenue presents a 10-unit apartment building consisting of five one-bedroom and five two-bedroom units.
  • In a prime location close to transportation and restaurants.
  • Asbury Park is approximately 56 miles from New York City in the scenic and coastal northern neck of New Jersey.
  • The two-story apartment building is easily accessible and highly visible at the intersection of 1st Avenue and Central Avenue.

OVERVIEW

KW Commercial is pleased to present the prime investment opportunity in Asbury Park. This 6,336-square-foot multi-unit property presents a lucrative opportunity for investors featuring 10 apartment units. The unit mix is broken down into five two-bedroom units and five one-bedroom units, with seven already renovated to modern standards. The property includes a private off-street parking lot, enhancing tenant convenience. The landlord only pays for water/sewer, and tenants are responsible for electricity and heat. With completely renovated units and long-term tenants, this is a chance to invest in a well-positioned property with strong appreciation and cash flow potential.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$347 USD /SF

# OF UNITS

10

PRICE/UNIT

$220,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

N/A

APN/PARCEL ID

04-01601-0000-00002

ASK ABOUT THIS PROPERTY

Joseph SpinellaKeller Williams RealtyMore Info
732-546-7501

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Joseph SpinellaKeller Williams RealtyMore Info
732-546-7501

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.