8892 Broad Street Active Save Request In-Person Tour Request Virtual Tour
Keyport,NJ 07735
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 6,832 sqft
Price per Sqft $321
MLS Listing ID 22413404
Year Built 1900
Annual Tax Amount $30,434
Tax Year 2023
Lot Size 6,098 Sqft
Property Description
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.
Location
State NJ
County Monmouth
Area None
Interior
Heating Forced Air
Cooling Central Air
Flooring Marble,Tile,Wood
Exterior
Exterior Feature Security System,Fenced,Lighting
Garage Off Street,Assigned,Lighted,On Site,Reserved
Amenities Available Common Area
Roof Type Skylights,Shingle,Flat,Asphalt,A-Frame
Building
Lot Description Fenced/Enclosed Area,Major Frntg,Multilot Sub,Sidewalks,Corner Lot
Sewer Public Sewer
Water Public
Structure Type Security System,Fenced,Lighting