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905 Grand Ave 5 Unit Apartment Building $1,200,000 ($240,000/Unit) Asbury Park, NJ 07712
Executive Summary
Prime investment opportunity in explosive market. Building is in pristine condition with many capital improvement. Fully leased. Tenant mix is as follows: 3 1-BR apartments and 2 studios. Beautiful street across from a municipal park and church. Financials are available upon request.
Property Facts
| Price | $1,200,000 | Building Class | C |
| Price Per Unit | $240,000 | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 6,350 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1950 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R-2, Asbury Park - Legal 5-Family | ||
| Price | $1,200,000 |
| Price Per Unit | $240,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 6,350 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1950 |
| Opportunity Zone |
Yes |
| Zoning | R-2, Asbury Park - Legal 5-Family |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 3 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 04-03301-0000-00007 | Improvements Assessment | $286,000 |
| Land Assessment | $610,600 | Total Assessment | $896,600 |
Property Taxes
Parcel Number
04-03301-0000-00007
Land Assessment
$610,600
Improvements Assessment
$286,000
Total Assessment
$896,600
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905 Grand Ave
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