Multi-Family•Mid-Rise•For Sale

5-Unit

160 Chelsea Ave, Long Branch, New Jersey 07740

Sale Price $775,000
Sale Type Investment
Zoning R-4
Bldg Type Multi-Tenant
Year Built 1890
Stories 3
Cap Rate 9.05%
Vacancy 100%
Gross Bldg 4,328 SqFt
Land Area .3 Acres
Project Size 5
Net Op Inc $70,136
5-Unit multifamily 1.5 blocks from Ocean Ave. in Long Branch! Walking distance to the Beach, shopping and the train station. Historic structure with a lot of charm. Ample parking in the private parking lot in the rear. 100% occupied. 70x170 lot off Ocean Ave
  • Plenty up upside potential
  • 100% Occupied
  • Desirable, upcoming area
  • Strong rental demand
6/4/2019 7:54:30 PM 6/5/2019 5:23:35 PM
Jana Haloda
Commercial Associate
KW Commercial

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