402 2nd Ave 8 Unit Apartment Building $2,900,000 ($362,500/Unit) 5.17% Cap Rate Long Branch, NJ 07740

Charming Multi-Family Complex in the Heart of Long Branch – A Unique Investment Opportunity!**
Welcome to your next profitable venture nestled within one of New Jersey's most sought-after coastal towns! This exceptional multi-family complex features four distinct buildings spread across two expansive lots, offering a total of 12 well-appointed rental units poised for solid returns. Located just steps from beautiful beaches, vibrant boardwalk attractions, and thriving local amenities, this property truly embodies the ideal combination of potential and convenience.
**Features You’ll Love:**
- **Exceptional Layout:** Comprising two thoughtfully designed buildings that maximize both space and comfort. Each unit is uniquely tailored to meet the needs of today's diverse renters.
- **Stable Tenant Base:** Enjoy peace of mind with all tenants currently on month-to-month leases, providing flexibility for rent adjustments or owner occupancy down the line.
- **Carefree Utilities:** The landlord covers water & sewer expenses, simplifying property management and enhancing profitability while ensuring tenant satisfaction.
- **Prime Location:** Long Branch boasts a lively atmosphere with easy access to stunning beaches, parks, shopping centers, fine dining options, and cultural venues—making this property a definite must see.
Property in area of multi million dollar properties, public transportation and beach attractions.
Many tenants are long term and would rather stay.
Potential of this R-4 zone is considerable.
396 2nd Avenue lot is 54x274 4 family 1.8 million
402 2nd Avenue lot is 75x274 8 family 3 million
Seller would like both units to sell as one package.
Both properties have been family owned for over 60 years.
Very unique opportunity to be a landlord or own a large parcel of land and the possibilities are endless in this amazing location in desirable Long Branch.