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253 Mantoloking Rd 4 Unit Apartment Building $1,800,000 ($450,000/Unit) 6.67% Cap Rate Brick, NJ 08723
Executive Summary
**253 Mantoloking Road, Brick Township, NJ**
This mixed-use investment property offers immediate cash flow with exceptional upside potential.
**Property Features:**
* Three (3) spacious 3-bedroom apartments — two located on the first floor and one on the second floor.
* Approximately **1,000 SF office space**, ideal for owner-occupancy or additional rental income.
* Large on-site parking lot accommodating both residential tenants and office users.
* Fully renovated with strong in-place and projected income potential.
Ideally situated just minutes from the Mantoloking Bridge and the Jersey Shore beaches, the property offers an attractive location for both residential and commercial tenants.
A rare opportunity to acquire a stabilized mixed-use asset with built-in growth potential in one of Brick Township's most desirable commercial corridors.
This mixed-use investment property offers immediate cash flow with exceptional upside potential.
**Property Features:**
* Three (3) spacious 3-bedroom apartments — two located on the first floor and one on the second floor.
* Approximately **1,000 SF office space**, ideal for owner-occupancy or additional rental income.
* Large on-site parking lot accommodating both residential tenants and office users.
* Fully renovated with strong in-place and projected income potential.
Ideally situated just minutes from the Mantoloking Bridge and the Jersey Shore beaches, the property offers an attractive location for both residential and commercial tenants.
A rare opportunity to acquire a stabilized mixed-use asset with built-in growth potential in one of Brick Township's most desirable commercial corridors.
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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