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221 Chestnut St - Chestnut St 2 Family 2 Unit Apartment Building Offered at $750,000 at a 5.94% Cap Rate Toms River, NJ 08753
Investment Highlights
- Fully Rented
- Numerous upgrades
- Nearly 1/2 acre lot
Executive Summary
Fabulous 2 family home on nearly 1/2 acre in Toms River w/ owner financing available. Property is fully rented, upgraded and beautifully maintained. Each unit features 2 bedrooms, 1 bath and nice living area with appliances, washer/dryer & central air. Separate utility meters, oversized yard with new fencing, new paved parking lot and lockable storage on site for each unit. Other upgrades include new electric service to both units including meter pans, breaker panels etc., termite warranty, exterior lighting & wireless security cameras. Unit B also was completely updated in 2025 w/ new windows, granite kitchen, stainless appliances, new floors & plumbing. Full details & financials are attached & available for download. . Interior photos are prior to tenant occupancy. Please, No visits without an appt.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$55,200
|
$30.25
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$55,200
|
$30.25
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$10,637
|
$5.83
|
| Net Operating Income |
$44,563
|
$24.42
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $55,200 |
| Annual Per SF | $30.25 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $55,200 |
| Annual Per SF | $30.25 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $10,637 |
| Annual Per SF | $5.83 |
| Net Operating Income | |
|---|---|
| Annual | $44,563 |
| Annual Per SF | $24.42 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 08-00591-22-00024 | Improvements Assessment | $205,500 (2026) |
| Land Assessment | $173,000 (2026) | Total Assessment | $378,500 (2026) |
Property Taxes
Parcel Number
08-00591-22-00024
Land Assessment
$173,000 (2026)
Improvements Assessment
$205,500 (2026)
Total Assessment
$378,500 (2026)
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221 Chestnut St - Chestnut St 2 Family
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