Description
8% Cap rate. Income property, 3 family with 4 rents. Cash flow now is $3745 a month. 3.6 Acres. The property has abrand-new septic system, brand-new well. New oil tank and updated high efficient oil furnace. Tenantspay for their own electric and cable owner pays for oil. The rent has not been raised for a couple ofyears so it is due. All tenants now are month to month. New vinyl flooring was installed 3 years ago.Rent from 3 family house and 30x90 garage. Can also rent space on the champagne bottle billboard.Unit 1 $850 1 bedroomUnit 2 $875 1 bedroomUnit 3 $1300 2 bedroomUnit 4 $720 garage
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4BEDS
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3.6ACRES
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3BATHS
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01/2 BATHS
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2,380SQFT
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$193$/SQFT
School Ratings & Info
Description
8% Cap rate. Income property, 3 family with 4 rents. Cash flow now is $3745 a month. 3.6 Acres. The property has abrand-new septic system, brand-new well. New oil tank and updated high efficient oil furnace. Tenantspay for their own electric and cable owner pays for oil. The rent has not been raised for a couple ofyears so it is due. All tenants now are month to month. New vinyl flooring was installed 3 years ago.Rent from 3 family house and 30x90 garage. Can also rent space on the champagne bottle billboard.Unit 1 $850 1 bedroomUnit 2 $875 1 bedroomUnit 3 $1300 2 bedroomUnit 4 $720 garage
© 2023 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty. Data last updated 2023-06-02T20:20:21.733.
Listing information © 2023 Monmouth-Ocean MLS. Listing provided courtesy of Mark Meyers of Keller Williams Shore Properties: (732) 797-9001.