Cliffwood Beach Investment
805 Shore Concourse Cliffwood Beach, NJ 07735
805 Shore Concourse, Cliffwood Beach, NJ, 07735
$499,900
Pending
For Sale
$499,900
Pending
Two-unit property with steady rental income on a triple lot.
Property Size1,285 SF
Days on Market74
Property Features for 805 Shore Concourse
General Information
- Standard status
- Pending
- Size
- 1,285 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1930
Listing agency
Simple Choice Realty, Inc
(855) 885-4663
Listed by
Christopher J Carr · License #RM420776
(855) 885-4663
Source
Elliman
Added: May 9 Updated: Jul 10 at 1:31PM Checked: Jul 21 at 6:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Simple Choice Realty, Inc
Investment Insights
Based on property information with market context.
This is a two-family investment property located in Cliffwood Beach, situated on a triple lot. The property features two units: a main house and a detached cottage studio. The main house, occupied since October 2021, generates a monthly rent of $2,650. It includes three bedrooms, one bathroom, a full basement, and a partial attic. The living space is 961 square feet, with an additional 580 square feet in the basement. The house is equipped with central HVAC and a three-car driveway. Appliances include an upscale refrigerator, stove, dishwasher, washer, and dryer. The detached cottage studio, occupied since February 2018, rents for $1,150 per month. It features a kitchen, a living/bedroom area, a bathroom, and a new deck. The studio has 324 square feet of living space and also utilizes the three-car driveway. There is also a shed on the property. The total gross annual rent is $45,600. Annual taxes are $6,774, insurance is $1,398, and water and sewer costs are $2,288. The net cash flow is $35,140 per year.
Key Highlights
- High Gross Annual Rent: $45,600 with a net cash flow of $35,140 annually.
- Rare 2‑Family Investment Property on a Triple Lot.
- Main House: Tenant Occupied at $2,650/month with 3 BR, 1 BA, full basement, central HVAC, and included appliances.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.8k | $25.56 |
| − Vacancy | −$2.1k | −$1.65 |
| EGI | $30.7k | $23.91 |
| − OpEx | −$9.2k | −$7.17 |
| NOI | $21.5k | $16.74 |
1,285 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$307.2K
$268.8K – $358.4K
NOI $21,506 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$282.3K
$247.0K – $329.4K
NOI $19,761 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$335.5K
$293.6K – $391.5K
NOI $23,488 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit property with steady rental income on a triple lot.
Where is this duplex located?
The property is located at 805 Shore Concourse Cliffwood Beach, NJ.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: High Gross Annual Rent: $45,600 with a net cash flow of $35,140 annually.; Rare 2‑Family Investment Property on a Triple Lot.; Main House: Tenant Occupied at $2,650/month with 3 BR, 1 BA, full basement, central HVAC, and included appliances.
