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4 Family Two Blocks to the Beach 177 Union Ave

4 Unit Block of Flats £782,450 (£195,613/Unit) 9% Net Initial Yield Long Branch, NJ 07740

Executive Summary

Great investment opportunity in Long Branch's downtown redevelopment zone. 300 new apartments are being built directly across the street by the Kushner Companies (owners of Pier Village). Great investment opportunity in high growth Long Branch. Only 2 blocks to the beach. Close to Broadway for shopping and dining. Easy access from rt 36, rt35, rt 18 and Garden State Parkway exit 105. Close to Monmouth Medical Center and Monmouth University for potential seasonal rental options.

Property Facts

Price £782,450 Building Class C
Price Per Unit £195,613 Lot Size 0.17 AC
Sale Type Investment Building Size 2,500 SF
Net Initial Yield 9% Average Occupancy 75%
No. Units 4 Number of Floors 2
Property Type Residential Year Built/Renovated 1915/2015
Property Subtype
Apartment
  • Multifamily Dormitory
Price £782,450
Price Per Unit £195,613
Sale Type Investment
Net Initial Yield 9%
No. Units 4
Property Type Residential
Property Subtype
Apartment
  • Multifamily Dormitory
Building Class C
Lot Size 0.17 AC
Building Size 2,500 SF
Average Occupancy 75%
Number of Floors 2
Year Built/Renovated 1915/2015
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Walk Score ®
Very Walkable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
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Transit Score® measures access to public transit.
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, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

zoning

Zoning Code LBC (Legal 4 family located in Long Branch's downtown redevelopment zone.)
LBC (Legal 4 family located in Long Branch's downtown redevelopment zone.)
(732) 768-3329

Contact

  • Listing ID: 29546531

  • Date on Market: 18/09/2023

  • Last Updated:

  • Address: 177 Union Ave, Long Branch, NJ 07740

The Long Branch City Residential Property at 177 Union Ave, Long Branch, NJ 07740 is currently available. Contact Douglas Elliman of NJ LLC for more information.

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© 2024 CoStar Group

4 Family Two Blocks to the Beach | 177 Union Ave
(732) 768-3329 x

4 Family Two Blocks to the Beach | 177 Union Ave

Todd Katz

(732) 768-3329

(732) 768-3329

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