908-230-1599
123 1st St, Keyport, NJ for Sale
Apartments - FOR SALE
1/3
null | Request Cap Rate

123 1st St
Keyport, NJ 07735


HIGHLIGHTS

  • Onsite Parking & Garage
  • MTM Tenants - Significant Upside In Rents
  • Building Can Be Separately Metered
  • Prime Location

OVERVIEW

Rose Real Real Estate offers for sale a 5-unit multifamily investment with the ability in the near future to increase cash flow by increasing below market rents and decreasing expenses. •Property Type: 5-unit building + garage. •Location: Strong, desirable area. •Leases: No current leases, all tenants are on month-to-month terms. This gives flexibility for a new owner to adjust rents to market rates, especially since rents are currently below market. •Rent Control: The township has no rent control. •Utility Separation: There is potential to separate utilities, which will reduce operating expenses. •This investment presents a compelling value-add opportunity in a prime location with strong demand for rental properties. With the ability to adjust rents to market rates in a town with no rent control, this asset is primed for significant cash flow growth and long-term appreciation.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

5

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bayview Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1880

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,269 SF

ZONING

RA

APN/PARCEL ID

24-00094-0000-00028

ASK ABOUT THIS PROPERTY

Lauren FedergreenRose Real Estate LLCMore Info
908-230-1599

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Lauren FedergreenRose Real Estate LLCMore Info
908-230-1599

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