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253 Mantoloking Rd 4 Unit Apartment Building $1,650,000 ($412,500/Unit) 6.40% Cap Rate Brick, NJ 08723
Executive Summary
253 Mantoloking Road, Brick Township, NJ
Offered at $1,650,000
This mixed-use investment property delivers immediate income with strong upside potential.
Two 3-Bedroom Apartments on the first floor, fully rented.
Second Floor Build-Out underway 3 bed 2 bath with 1200 sqft of office
Large On-Site Parking Lot for tenants and office use.
Just minutes to Mantoloking Bridge and the beach, offering a highly desirable location for both residential and commercial tenants.
Strong Returns with a 6.4% cap rate.
A rare opportunity in Brick Township to acquire a stabilized asset with built-in growth potential in a prime Jersey Shore location.
Offered at $1,650,000
This mixed-use investment property delivers immediate income with strong upside potential.
Two 3-Bedroom Apartments on the first floor, fully rented.
Second Floor Build-Out underway 3 bed 2 bath with 1200 sqft of office
Large On-Site Parking Lot for tenants and office use.
Just minutes to Mantoloking Bridge and the beach, offering a highly desirable location for both residential and commercial tenants.
Strong Returns with a 6.4% cap rate.
A rare opportunity in Brick Township to acquire a stabilized asset with built-in growth potential in a prime Jersey Shore location.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$144,000
|
$25.26
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$38,440
|
$6.74
|
| Net Operating Income |
$105,560
|
$18.52
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $144,000 |
| Annual Per SF | $25.26 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $38,440 |
| Annual Per SF | $6.74 |
| Net Operating Income | |
|---|---|
| Annual | $105,560 |
| Annual Per SF | $18.52 |
Property Facts
Amenities
Unit Amenities
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 07-00109-11-00001 | Improvements Assessment | $569,500 (2025) |
| Land Assessment | $278,000 (2025) | Total Assessment | $847,500 (2025) |
Property Taxes
Parcel Number
07-00109-11-00001
Land Assessment
$278,000 (2025)
Improvements Assessment
$569,500 (2025)
Total Assessment
$847,500 (2025)
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253 Mantoloking Rd
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