88-92 Broad Street Keyport, NJ 07735
Tremendous investment opportunity in Monmouth County consisting of a mixed-use 4 commercial units and 6 residential units with a total rental income of $197K/year. The property is fully occupied with long-term tenants. The subject property includes two parcels of land. The first parcel is a two-story mixed use with 4 commercial and 4 residential tenants which also includes a 14-parking space private parking lot! The second parcel is a detached duplex apt, with 2 residential units, and a separate two car parking spaces. Many repairs and upgrades since we purchased this property! Surveillance system in place to remotely monitor and manage your investment. All utilities have been split, so each tenant pay their own. Except the rear home landlord pays water/sewer. The property address is 88-92 broad street, borough of Keyport. Asking price: $2.195M With an 7% to 8% Cap rate, and a roughly equal distribution of rental income between commercial and residential tenants, this property will not last on the market. The seller is willing to provide financing at an attractive rate (lower than commercial loans), with a 35% downpayment.
- Property TypeCommercial
- NeighborhoodN/A
- CountyMonmouth
- Taxes$30,434
- HOA/Condo/Coop Fees$0
- Days on Site13 Days
- MLS StatusActive
- MLS ID Number22413404
- Home Size Source N/A
- Year Built1900
- Lot Size0.14 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction BlockBrickBrick VeneerStucco
- Parking Off StreetAssignedLightedOn SiteReserved
- Parking Spaces 16
- Sewer Public Sewer
- Electric 220 Volts
- Basement FullLocked StorageTenant AccessTenant StorageWalk- Out Access
- Number of Stories 2
- Acreage 0.14
- Water Public
- Zoning Multi-Use, Commercial
- Property Sub Type Mixed Use
- Garage Spaces 0
Interior Features
- Cooling Central Air
- Heating Forced Air
- Flooring MarbleTileWood
- Interior Fire AlarmFluorescentSecurity System
- Fireplaces 0
- Window Features Insulated Windows
Exterior Features
- Roof ShingleFlatAsphalt
- Spa No
- Exterior Security SystemFencedLighting
- Lot Fenced/ Enclosed AreaMajor FrntgMultilot SubSidewalksCorner Lot
Community Features
- Association Amenities Common Area
- MLS Area None