22 Dewitt Ave, Asbury Park, NJ 07712 | 22 De Witt Ave
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22 Dewitt Ave, Asbury Park, NJ 07712 22 De Witt Ave
3 Unit Apartment Building $1,194,034 CAD ($398,011 CAD/Unit) 8.43% Cap Rate Asbury Park, NJ 07712
Investment Highlights
- Central location
- Existing tenants
- Recently renovated
Executive Summary
Turn key 3 family investment hot spot of Asbury Park, NJ.
Monthly gross $6,800 per month.
Unit 1: 2 bedroom 1 bathroom $2,000/ month
Unit 2: 3 bedroom 1 bathroom $2,400/month
Unit 3: 2 bedroom 1 bathroom $2,400/month
Tenants to remain in place for new owners.
Renovations were done less than 1 year ago.
This is a cash flowing opportunity in a highly sought after location.
Monthly gross $6,800 per month.
Unit 1: 2 bedroom 1 bathroom $2,000/ month
Unit 2: 3 bedroom 1 bathroom $2,400/month
Unit 3: 2 bedroom 1 bathroom $2,400/month
Tenants to remain in place for new owners.
Renovations were done less than 1 year ago.
This is a cash flowing opportunity in a highly sought after location.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$114,622
|
$15.28
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$114,622
|
$15.28
|
| Taxes |
$8,861
|
$1.18
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$8,861
|
$1.18
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $114,622 |
| Annual Per SF | $15.28 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $114,622 |
| Annual Per SF | $15.28 |
| Taxes (CAD) | |
|---|---|
| Annual | $8,861 |
| Annual Per SF | $1.18 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $8,861 |
| Annual Per SF | $1.18 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,194,034 CAD | Apartment Style | Low Rise |
| Price Per Unit | $398,011 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 7,501 SF |
| Cap Rate | 8.43% | No. Stories | 3 |
| No. Units | 3 | Year Built/Renovated | 1935/2023 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | $1,194,034 CAD |
| Price Per Unit | $398,011 CAD |
| Sale Type | Investment |
| Cap Rate | 8.43% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Lot Size | 0.17 AC |
| Building Size | 7,501 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1935/2023 |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Freezer
- Window Coverings
Site Amenities
- 24 Hour Access
- Controlled Access
- Trash Pickup - Curbside
- Walking/Biking Trails
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $3,094 CAD | - |
| 3+1 | 1 | $3,375 CAD | - |
1 of 1
Walk Score ®
Very Walkable (71)
zoning
| Zoning Code | MF-08 (Multifamily residential zoning) |
| MF-08 (Multifamily residential zoning) |
-
Anthony Manzione -
RE/MAX
(732) 842-8420
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22 Dewitt Ave, Asbury Park, NJ 07712 | 22 De Witt Ave
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