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$2,195,000 Sale Pending
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Property Description
Tremendous investment opportunity in Monmouth County consisting of a mixed-use 4 commercial units and 6 residential units with a total rental income of $197K/year. The property is fully occupied with long-term tenants. The subject property includes two parcels of land. The first parcel is a two-story mixed use with 4 commercial and 4 residential tenants which also includes a 14-parking space private parking lot! The second parcel is a detached duplex apt, with 2 residential units, and a separate two car parking spaces. Many repairs and upgrades since we purchased this property! Surveillance system in place to remotely monitor and manage your investment. All utilities have been split, so each tenant pay their own. Except the rear home landlord pays water/sewer. The property address is 88-92 broad street, borough of Keyport. Asking price: $2.195M With an 7% to 8% Cap rate, and a roughly equal distribution of rental income between commercial and residential tenants, this property will not last on the market. The seller is willing to provide financing at an attractive rate (lower than commercial loans), with a 35% downpayment.
Full Property Details
Full Property Details for 88-92 Broad St
General
- Price: $2,195,000
- HOA FEE: $1,000
- Taxes: $30,434 (2023)
- Status: Pending
- Type: Store
- Source: Monmouth
- MLS ID: 22413404
- Updated: 10/30/2024
- Added to Site: 170 day(s) ago
Rental Information
- Complex Features: Common Area, Deck
Interior
- Interior Features: Fire Alarm, Fluorescent, Security System
- Flooring: Marble, Tile, Wood
Additional Information
- Shared Amenities: Common Area
Exterior
- Exterior Features: Security System, Fenced, Lighting
Parking
- Total Spaces: 16
- Parking Features: Off-Street, Assigned, Lighted, On-Site Parking, Reserved
Location
- Area: Keyport (KEY)
- Municipality: Keyport (KEY)
- County: Monmouth
- Location Details: Business District, Commercial District, Historic District, Near Parkway Access, Residential District
Community
- Management Type: Owner Association
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Utilities
- Gas: On Site
- Dist. to Gas: On Site
- Sewer: Public Sewer
- Water: Public
Structural Information
- Exterior Const.: Block, Brick, Brick Veneer, Stucco
- Roof: Skylights, Shingle, Flat, Asphalt, A-Frame
- Windows: Insulated Windows
- Square Feet: 6,832
- Current Bldg. Use: Apartments, Barber/Salon, Convenience Store
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.14
- Lot Size (Sq. Ft.): 6,098.4
- Lot Dimensions: 70 x 87
- Lot Features: Fenced/Enclosed Area, Major Frntg, Multilot Sub, Sidewalks, Corner Lot
- Zoning: Commercial, Multi-Use
Financial Considerations
- Price Per Sq. Ft.: $321.28
- Maint. Fee/Month: $1,000
- Assessment Amount: $1,384,600
- Tax Amount: $30,434
- Tax Year: 2023
- Owner Pays: Water, Taxes, Snow Removal, Sewer, Insurance, Garbage Removal
- Landlord Pays: Garbage Removal, Insurance, Sewer, Snow Removal, Taxes, Water
Disclosures and Reports
- Documents Avail.: Survey
- Property ID: 24-00061-0000-00001
- Section: None
Listed by Your Town Realty, Ronnie Glomb
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Schools
Schools serving 88-92 Broad St
School District:Keyport Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
335 Broad St, Keyport, NJ 07735 | PK-8 | 0.5 mi | |
351 Broad St, Keyport, NJ 07735 | 9-12 | 0.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 88-92 Broad St
Date
Details
Price
Change
Source
5/14/2024
Listed
$2,195,000
35.08%
MLS
12/01/2014
Sold
$1,625,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 88-92 Broad St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$30,121
3%
$1,384,600
14%
2021
$29,179
—
$1,217,500
7%
2021
$29,179
—
$1,133,300
-2%
2021
$29,179
1%
$1,154,700
7%
2018
$28,872
-5%
$1,075,300
-4%
2017
$30,369
9%
$1,125,600
7%
2019
$27,786
17%
$1,055,300
18%
2016
$23,661
—
$891,200
1%
2015
$23,601
38%
$884,600
33%
2014
$17,091
-72%
$664,500
-11%
2013
$60,039
—
$743,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 88-92 Broad St
88-92 Broad Street, Keyport, NJ 07735 (MLS# 22413404) is a Store property. 88-92 Broad Street is currently listed for $2,195,000 and was received on May 14, 2024. Want to learn more about 88-92 Broad Street? Do you have questions about finding other Store real estate for sale in Keyport? You can browse all Keyport real estate or contact a Coldwell Banker agent to request more information.