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37 Lakeshore Dr 2 Unit Apartment Building Offered at $1,399,000 at a 7.69% Cap Rate Oakland, NJ 07436
Investment Highlights
- Private water access.
Executive Summary
Waterfront Two-Family Investment Property – Fully Renovated & Fully Occupied
Exceptional opportunity to own a waterfront two-family home, fully occupied by government-subsidized tenants providing stable, guaranteed rental income. The property has been completely renovated from top to bottom, including:
New roof
New windows, New boilers & water heaters, New septic systems (state certified), New floors & kitchens, New appliances, Certified removal of oil tanks
Located outside the flood zone for added peace of mind.
Please do not disturb tenants.
Showings by appointment only with proof of funds or mortgage pre-approval
Exceptional opportunity to own a waterfront two-family home, fully occupied by government-subsidized tenants providing stable, guaranteed rental income. The property has been completely renovated from top to bottom, including:
New roof
New windows, New boilers & water heaters, New septic systems (state certified), New floors & kitchens, New appliances, Certified removal of oil tanks
Located outside the flood zone for added peace of mind.
Please do not disturb tenants.
Showings by appointment only with proof of funds or mortgage pre-approval
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 8+4 | 2 | - | 2,600 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 42-01501-0000-00061 | Total Assessment | $950,900 (2025) |
| Land Assessment | $323,500 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $627,400 (2025) | Tax Year | 2023 |
Property Taxes
Parcel Number
42-01501-0000-00061
Land Assessment
$323,500 (2025)
Improvements Assessment
$627,400 (2025)
Total Assessment
$950,900 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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Contact the Sale Advisor
37 Lakeshore Dr