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2538 Belmar Blvd

27 Unit Block of Flats £2,952,045 (£109,335/Unit) Belmar, NJ 07719

Investment Highlights

  • Impeccably maintained with ±30% upside in rents
  • Tenants pay all separately metered utilities
  • On-site laundry
  • Individual storage units with
  • Individual storage units
  • Comes with a $270,000 escrow account for major capital improvements from Wall Twp.

Executive Summary

27 units 55+ age restricted apartment complex for sale. Located on Belmar Boulevard at its intersection with New Bedford Road. Easily accessible from Routes 18, 34, 35, 138 and the Garden State Parkway.

Property Facts

Price £2,952,045
Price Per Unit £109,335
Sale Type Investment
No. Units 27
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 1.03 AC
Building Size 20,990 SF
Number of Floors 2
Year Built 1992
Parking Ratio 1.42/1,000 SF

Unit Amenities

  • Air Conditioning
  • Microwave
  • Wooden Floors
  • Refrigerator
  • Oven
  • Range

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 27 - 761

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
52-00240-0000-00054
Land Assessment
£646,259
Improvements Assessment
£699,236
Total Assessment
£1,345,494

zoning

Zoning Code NB
NB
  • Listing ID: 30610302

  • Date on Market: 09/01/2024

  • Last Updated:

  • Address: 2538 Belmar Blvd, Belmar, NJ 07719

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