$2,750,000
Long Branch, NJ 07740
MLS# 22501813
Status: Closed
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Property Description
Incredible investment opportunity! This 12-unit portfolio is located in the highly desirable Westwood Village community in the heart of Long Branch. All units are clean and some updated, rented, and generating strong income with stable leases and high rent rolls. Offering a fantastic cap rate, this deal is perfect for investors looking to expand their portfolio.Walking distance to all shopping, train and major transportation. Don't miss out on this rare opportunity!
Details
Maps
Contract Info
Sale: Yes
Lease: No
Status: Closed
List Date: 2025-01-20
Property Sub-Type: Multi Family
Sold Price: $2,750,000
Current Price: $2,750,000
Location
Unit/Suite #: 12 UNITS
Area/Section: None
House Number: 364
Street Name: Westwood
Street Suffix: Avenue
County: Monmouth
Municipality: Long Branch (LON)
Postal City: Long Branch
State: NJ
Zip Code: 07740
Complex/Subdivision: Westwood Vlge
Directions: USE GPS TO 364 WESTWOOD AND UNIT 79
General Property Info
# Levels: 1
Garage: No
# Car Garage: 0
# Parking Spaces: 12
Tax and Legal
Asmnt - Total: 0
Status Change Info
Contingent Date: 2025-02-20
Under Contract Date: 2025-02-26
Sold Date: 2025-06-12
Sold Price: $2,750,000
Income & Expenses
# Rental Units: 12
Financials Per: Year
Gross Income: 349500
Monthly Maint Fee: 5826
RE Taxes: 38142
Use
Apartments: 1
Zoning
Residential: 1
Electric
Other - See Remarks: 1
Gas
On Site: 1
Cooling
Window Unit(s): 1
Water Heater
Natural Gas: 1
Heating
Baseboard: 1
Water
Public Water: 1
Sewer
Public Sewer: 1
Parking
Assigned: 1
Reserved: 1
Assessment Status
Assessed: 1
Financing
Cash: 1
Documents Available
Lease: 1
Property Features
Use: Apartments
Cooling: Window Unit(s)
Heating: Baseboard
Water Heater: Natural Gas
Water: Public Water
Sewer: Public Sewer
Gas: On Site
Electric: Other - See Remarks
Parking: Assigned; Reserved
Zoning: Residential
Assessment Status: Assessed
Documents Available: Lease
Financing: Cash
Listing Office: EXP Realty
Listing Agent: Aleksandr Pritsker
Last Updated: June - 13 - 2025
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