396 2nd Ave - Apartments FOR SALE


Long Branch, NJ 07740- Long Branch City
$1,899,000 USD
732-921-3917
396 2nd Ave, Long Branch, NJ for Sale
$1,899,000 USD
Apartments - FOR SALE
1/17
null | 6% Cap Rate

396 2nd Ave
Long Branch, NJ 07740
Long Branch City


HIGHLIGHTS

  • Walk to Ocean Front, Beach and Boardwalk, Close to Transportation, Near Hospital, Near Multi Million Dollar Condos, Near the Atlantic Club Townhomes

OVERVIEW

**Charming Multi-Family Complex in the Heart of Long Branch – A Unique Investment Opportunity!** Welcome to your next profitable venture nestled within one of New Jersey's most sought-after coastal towns! This exceptional multi-family complex features four distinct buildings spread across two expansive lots, offering a total of 12 well-appointed rental units poised for solid returns. Located just STEPS from beautiful beaches, vibrant boardwalk attractions, and thriving local amenities, this property truly embodies the ideal combination of potential and convenience. **Features You’ll Love:** - **Exceptional Layout:** Comprising TWO thoughtfully designed buildings that maximize both space and comfort. Each unit is uniquely tailored to meet the needs of today's diverse renters. - **Stable Tenant Base:** Enjoy peace of mind with all tenants currently on month-to-month leases, providing flexibility for rent adjustments or owner occupancy down the line. - **Carefree Utilities:** The landlord covers water & sewer expenses, simplifying property management and enhancing profitability while ensuring tenant satisfaction. - **Prime Location:** Long Branch boasts a lively atmosphere with easy access to stunning beaches, boardwalks, parks, shopping centers, fine dining options, and cultural venues—making this property a definite must see. Property in area of multi million dollar properties, public transportation and beach attractions. Many tenants are long term and would continue to stay. Potential of this R-4 zone is considerable. Keep property status quo or develop the property. Owner would love a package deal for both adjacent properties. 396 2nd Avenue lot is 54x274 4 family $1.8 million 402 2nd Avenue lot is 75x274 8 family $3.0 million Both properties have been family owned for over 60 years. First time being offered for sale in over a generation. Very unique opportunity to be a landlord or own a large parcel of land and the possibilities are endless in this amazing location in desirable Long Branch, NJ Two blocks to the ocean front!

FOR SALE DETAILS

PRICE

$1,899,000 USD

PRICE/SF

$423 USD /SF

# OF UNITS

4

PRICE/UNIT

$474,750

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1907

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

R-4

APN/PARCEL ID

27-00153-0000-00017

ASK ABOUT THIS PROPERTY

Carol ZoccoRosario Realty IncMore Info
732-921-3917

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Carol ZoccoRosario Realty IncMore Info
732-921-3917

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