2538 Belmar Blvd
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2538 Belmar Blvd
27 Unit Apartment Building $3,700,000 ($137,037/Unit) Belmar, NJ 07719
Investment Highlights
- Impeccably maintained with ±30% upside in rents
- Tenants pay all separately metered utilities
- On-site laundry
- Individual storage units with
- Individual storage units
- Comes with a $270,000 escrow account for major capital improvements from Wall Twp.
Executive Summary
27 units 55+ age restricted apartment complex for sale. Located on Belmar Boulevard at its intersection with New Bedford Road. Easily accessible from Routes 18, 34, 35, 138 and the Garden State Parkway.
Property Facts
| Price | $3,700,000 | Building Class | C |
| Price Per Unit | $137,037 | Lot Size | 1.03 AC |
| Sale Type | Investment | Building Size | 20,990 SF |
| No. Units | 27 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1992 |
| Property Subtype | Apartment | Parking Ratio | 1.42/1,000 SF |
| Apartment Style | Low Rise |
| Price | $3,700,000 |
| Price Per Unit | $137,037 |
| Sale Type | Investment |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.03 AC |
| Building Size | 20,990 SF |
| No. Stories | 2 |
| Year Built | 1992 |
| Parking Ratio | 1.42/1,000 SF |
Unit Amenities
- Air Conditioning
- Microwave
- Hardwood Floors
- Refrigerator
- Oven
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 27 | - | 761 |
PROPERTY TAXES
| Parcel Number | 52-00240-0000-00054 | Improvements Assessment | $876,400 |
| Land Assessment | $810,000 | Total Assessment | $1,686,400 |
PROPERTY TAXES
Parcel Number
52-00240-0000-00054
Land Assessment
$810,000
Improvements Assessment
$876,400
Total Assessment
$1,686,400
zoning
| Zoning Code | NB |
| NB |
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2538 Belmar Blvd
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