Apartment Buildings /NJ /Monmouth County /Asbury Park /1222-1230 1st Ave
Apartment Buildings /NJ /Monmouth County /Asbury Park /1222-1230 1st Ave

1222-1230 1st Ave - Apartments FOR SALE


Asbury Park, NJ 07712 | 
$2,400,000 USD
908-692-7633
1222-1230 1st Ave, Asbury Park, NJ for Sale
$2,400,000 USD
Apartments - FOR SALE
1/23
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1222-1230 1st Ave
Asbury Park, NJ 07712

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HIGHLIGHTS

  • 6.9% cap rate
  • Value-add opportunity
  • Over $250,000 spent in capital expenditures
  • Mix of unit types
  • Separate utilities
  • On-site parking; 10 blocks to the beach and Asbury boardwalk

OVERVIEW

The property is a two-story building with 10 residential units. Tenants pay for their own utilities. There is a ample on-site parking.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$379 USD /SF

# OF UNITS

10

PRICE/UNIT

$240,000

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

Daniel LanniKislakMore Info
908-692-7633

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Daniel LanniKislakMore Info
908-692-7633

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