41 Atlantic St - Apartments FOR SALE


Keyport, NJ 07735
$675,000 USD
732-946-9200
41 Atlantic St, Keyport, NJ for Sale
$675,000 USD
Apartments - FOR SALE
1/39
null | 9.15% Cap Rate

41 Atlantic St
Keyport, NJ 07735


HIGHLIGHTS

  • Oversized Lot - 3 apartments RARE
  • Second floor apartment currently rented
  • 3200 SF of living space!

OVERVIEW

Rare legal three-family located one block from the Keyport Yacht Club and minutes from Keyport's vibrant waterfront downtown district. With approximately 3,200 square feet of living space, this property presents a strong opportunity for investors or owner-occupants seeking rental income. There are three units: a 2-bedroom, 1-bath apartment leased through December 2026. The 2-bedroom, 1-bath unit and 1-bedroom, 1-bath unit are vacant and ready for renovation. There is potential opportunity to increase income through improvements. Recent improvements include roof replaced in 2019, water heaters in May 2023, and furnace in January 2024. The oversized lot features a saltwater heated in-ground pool and common basement laundry. Buyer to conduct due diligence regarding zoning and permitted uses. Current rent roll is $1850 per month. Second floor apartment is rented. First floor and basement apartments need renovation. Property is being sold AS-IS - Property owned by an estate.

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$211 USD /SF

# OF UNITS

3

PRICE/UNIT

$225,000

CAP RATE

9.15%

% LEASED

33%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

41 Atlantic Street, Keyport, NJ

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1909

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

RA

APN/PARCEL ID

24-00096-0000-00004

ASK ABOUT THIS PROPERTY

Dennis FotopoulosHeritage House Sotheby's International RealtyMore Info
732-946-9200

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Dennis FotopoulosHeritage House Sotheby's International RealtyMore Info
732-946-9200

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