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    132 Williamsburg Ln Lakewood, NJ 08701

    Sponsored
    For Sale
    $495,000

    Renovated 3-bed, 2-bath condo, great rental potential.

    Property size:
    1,240 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This attractive 1,240 square foot condominium, located at 132 Williamsburg Ln, Lakewood, NJ 08701, presents a compelling investment opportunity. Built in 1972, this Class B multifamily property is a renovated single-family home currently configured as a one-unit rental. The asking price is $495,000, representing a price per square foot of $399.19 and a 6.00% cap rate. The property features three bedrooms and two bathrooms (one full, one half), a spacious living/dining area with new vinyl flooring, an eat-in kitchen, and a sizable laundry room. Additional highlights include custom closets, a jack-and-Jill bathroom, a manicured backyard with pavers, and a patio. The condo boasts central air conditioning and natural gas heating. The lot size is 435.60 square feet. The property is a two-story condominium with no basement. The monthly HOA fee is $155. This property is subject to approval and offers below-market interest rates. Serious inquiries only. Further details are available upon request.

    Property Features for 132 Williamsburg Ln

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,240 SF
    Class
    B

    Building Details

    Year Built
    1972
    Stories
    2
    Units
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.2109537
    Latitude
    40.1092657

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    FAQs

    What type of property is this?
    Multifamily property - Renovated 3-bed, 2-bath condo, great rental potential.
    Where is this multifamily property located?
    The property is located at 132 Williamsburg Ln Lakewood, NJ.
    What is the asking price?
    The asking price for this property is $495,000.
    Request Owner's contact information
    132 Williamsburg Ln Lakewood, NJ 08701
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    Lakewood, NJ 08701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    132 Williamsburg Ln Lakewood, NJ 08701
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