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380 Division St Long Branch, NJ 07740

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For Sale
$3,950,000

Fully occupied, 14-unit apartment building in coastal New Jersey.

Property size:
9,436 SF
Lot size:
0.34 Acres

Property Features for 380 Division St

General Information

Standard status
Active
Size
9,436 SF
Lot size
0.34 Acres

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Listing Contact
Charlotte Toomey
Source: Corcoran

Listing Agency: EXP REALTY Listing Agent: Charlotte Toomey

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Converted Convent Apartment Building

Located in coastal New Jersey, 380 Division Street is a fully occupied, 14-unit apartment building converted from a convent in 2023. The property offers immediate, stable income and long-term appreciation. The building features modern interiors, upgraded systems, and strong life-safety infrastructure, with institutional-grade security. The property size is 9436 square feet. The unit mix is one-bedroom-heavy. With low annual operating expenses, this asset is suited for buyers who require a turnkey, stabilized property with durable cash flow.
Location Intelligence

Current Use by Public Records

1031 exchange properties

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Location Insight

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City
Long Branch
County
Monmouth
State
New Jersey
Longitude
-73.9948165
Latitude
40.2990006

FAQs

What type of property is this?
1031 exchange property - Fully occupied, 14-unit apartment building in coastal New Jersey.
Where is this 1031 exchange property located?
The property is located at 380 Division St Long Branch, NJ.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: - Fully occupied 14-unit apartment building providing immediate, stable income.; - Newer conversion (2023) from a convent, featuring modern interiors and upgraded systems.; - Low annual operating expenses ensuring durable cash flow.
More about this property
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