15 Laurel Ave - Specialty FOR SALE


Keansburg, NJ 07734
$3,750,000 USD
732-673-5980
15 Laurel Ave, Keansburg, NJ for Sale
$3,750,000 USD
Specialty - FOR SALE
1/14
null | 12% Cap Rate

15 Laurel Ave
Keansburg, NJ 07734


HIGHLIGHTS

  • Money Making Property. Rare Licensed Rooming House w/51 Single Occupancy Rms and 6 One Bed Apts . Clean, updated. Passed all recent state inspections

OVERVIEW

The Belvedere Rooming House. Rare opportunity to invest in this Established Business of owning a fully licensed Rooming House in N.J. The owner has transformed this establishment into a 95-100% occupancy home for adults that need a weekly or monthly lease with many staying long term. 51 single occupancy rooms and six one bedroom apartments bring in a steady flow of income, while affording it's occupants a rent well below market rates. The Belvedere in Keansburg prides itself on a clean, well kept, establishment. Located within 2 blocks to the Keansburg waterfront and the Baypoint Redevelopment area with the millions of dollar transformation happening now. It's the perfect time to invest in this opportunity. Consists of BUILDINGS, LAND & BUSINESS. Operating Licenses Included. Owner will train buyer. Wired for high speed internet throughout with cameras covering common areas. Passed all recent State Inspections. Owner keeps building immaculate. Office with full apartment attached for staff. Property is located in a flood zone. Owner does not have flood insurance as property did not flood during Storm Sandy. Crawl space under building. Owner just had 50 yr roof installed with all decking replaced April 2024 on the 3 story building.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$239 USD /SF

CAP RATE

12%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

THE BELVEDERE ROOMING HOUSE

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

C-0

APN/PARCEL ID

23-00001-0000-00005

ASK ABOUT THIS PROPERTY

Sherry SzurkoMillennium Interstate RealtyMore Info
732-673-5980

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Sherry SzurkoMillennium Interstate RealtyMore Info
732-673-5980

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