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88-92 Broad Street

Keyport, NJ 07735
  • $2,195,000
  • STATUS: Active
  • ON SITE: 12 Days
  • MLS #: 22413404
$2,195,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,832
    SQFT
  • $321
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Ratings & Info

Description

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.

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© 2024 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Kay Platinum Real Estate Group | EXP Realty. Data last updated 2024-05-26T22:22:59.033.
www.kayplatinumgroup.com/homes/150499315
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88-92 Broad Street Keyport, NJ 07735

  • Price: $2,195,000
  • Status: Active
  • On Site: 12 Days
  • MLS #: 22413404
0
Beds
0
Baths
0
½ Baths
0.14
Acres
6,832
SQFT
$321
$/SQFT
1900
Built
Neighborhood:
Keyport (KEY)
County:
Monmouth
Area:
Keyport (KEY)
Property Description
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.
Exterior Features

Construction Siding Block Yes Exterior Features Security SystemFencedLighting Garage YN No Parking Features Off StreetAssignedLightedOn SiteReserved Parking Total 16 Roof SkylightsShingleFlatAsphaltA-Frame

Interior Features

Basement FullLocked StorageTenant AccessTenant StorageWalk-Out Access Cooling Central Air Cooling YN Yes Fireplaces Total 0 Flooring MarbleTileWood Handicap Access Yes Heating Forced Air Heating YN Yes Interior Features Fire AlarmFluorescentSecurity System

Property Features

Business District Yes Gas On Site Yes Lease No Lot Features Fenced/Enclosed AreaMajor FrntgMultilot SubSidewalksCorner Lot Owner Pays WaterTaxesSnow RemovalSewerInsuranceGarbage Removal Property Sub Type Mixed Use Sale Yes Sewer Public Sewer Tax Annual Amount 30434 Tax Year 2023 Water Heater Electric Yes Water Heater Natural Gas Yes Water Source Public Zoning Description Multi-UseCommercial

Listing information © 2024 Monmouth-Ocean MLS. Listing provided courtesy of Ronnie Glomb of Your Town Realty: (855) 600-2465.


© 2024 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Kay Platinum Real Estate Group | EXP Realty. Data last updated 2024-05-26T22:22:59.033.
 
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