$3,600,000

15 Laurel Avenue, Keansburg NJ, 07734

Price per sqft$229.02

Property size15,719 sqft

Property typeCommercial

Overview

Sold

Closed

Listed May 10, 2024

Updated May 29

Rare opportunity to invest in this Established Business of owning a fully licensed Rooming House in N.J. at a 10.6% CAP RATE. The owner has transformed this establishment into a 95-100% occupancy home for adults that need a weekly or monthly lease with many staying long term. 51 Rentable Rooms and Six One Bedroom apartments bring in a steady flow of income, while affording it's occupants a rent well below market rates. The Belvedere in Keansburg prides itself on a clean, well kept, establishment. Located within 2 blocks to the Keansburg waterfront and the Baypoint Redevelopment area with the millions of dollar transformation happening now. It's the perfect time to invest in this opportunity. Consists of BUILDINGS, LAND & BUSINESS. Operating Licenses Included.

Other Property Details

Taxes: $31,551
Tax Frequency: Annually

Courtesy of MILLENNIUM INTERSTATE REALTY, LLC with SHERRY SZURKO,
Listing Contact:

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