235 Creek Rd - Apartments FOR SALE
Keansburg, NJ 07734 |
908-285-6921
235 Creek Rd
Keansburg, NJ 07734
HIGHLIGHTS
- Creek Point Apartments is a 50-unit value-add apartment community located in Monmouth County, NJ.
- Accompanied with assumable financing with 7 years remaining, 3 years of I/O, at a 5.21% rate providing an attractive 11% CoC at closing.
- The asset is comprised of four garden-style apartment buildings with semi-private entrances built in 1965.
- The community has an ideal unit-mix of 21 two-bedroom and 29 one-bedroom apartments ranging from 700-850 square feet.
- Creek Point Apartments has a current rental upside of 11% a month in a market with no adopted rent control ordinance.
- The property has seen significant capital expenditures with new roofs, boilers, hot water heaters and plumbing along with 80% of the apartments being
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
Creek Point Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1965
PARKING SPACES
100
LAND DETAILS
LAND ACRES
1.81 AC
LAND SF
78,844 SF
ZONING
SF-05
APN/PARCEL ID
23-00097-0000-00021
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908-285-6921
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908-285-6921
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