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Tremendous investment opportunity in Monmouth County consisting of a mixed-use 4 commercial units and 6 residential units with a total rental income of $197K/year. The property is fully occupied with long-term tenants. The subject property includes two parcels of land. The first parcel is a two-story mixed use with 4 commercial and 4 residential tenants which also includes a 14-parking space private parking lot! The second parcel is a detached duplex apt, with 2 residential units, and a separate two car parking spaces. Many repairs and upgrades since we purchased this property! Surveillance system in place to remotely monitor and manage your investment. All utilities have been split, so each tenant pay their own. Except the rear home landlord pays water/sewer. The property address is 88-92 broad street, borough of Keyport. Asking price: $2.195M With an 7% to 8% Cap rate, and a roughly equal distribution of rental income between commercial and residential tenants, this property will not last on the market. The seller is willing to provide financing at an attractive rate (lower than commercial loans), with a 35% downpayment.PROPERTY FEATURES
Water Source :
Public
Sewer Source :
Public Sewer
Parking Features:
Off Street, Assigned, Lighted, On Site, Reserved
Parking Total:
16
Exterior Features:
Security System, Fenced, Lighting
Lot Features :
Fenced/Enclosed Area, Major Frntg, Multilot Sub, Sidewalks, Corner Lot
Cooling:
Central Air
Heating :
Forced Air
Construction Materials:
Block, Brick, Brick Veneer, Stucco
Interior Features:
Fire Alarm, Fluorescent, Security System
Basement Description :
Full, Locked Storage, Tenant Access, Tenant Storage, Walk-Out Access
Windows Features:
Insulated Windows
Flooring :
Marble, Tile, Wood
PROPERTY DETAILS
Street Address: 88-92 Broad Street
City: Keyport
State: New Jersey
Postal Code: 07735
County: Monmouth
MLS Number: 22413404
Year Built: 1900
Courtesy of Your Town Realty
City: Keyport
State: New Jersey
Postal Code: 07735
County: Monmouth
MLS Number: 22413404
Year Built: 1900
Courtesy of Your Town Realty
Courtesy of C21/ Solid Gold Realty