Current Use by Public Records
- Apartment buildings
Property Details for 11-13-15 Knopf St
- Lot size
- 0.23 lot acres
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents an eight-unit apartment building located at 11-15 Knopf Street, Manville, NJ 08835. The property, situated on a 0.23-acre lot, consists of one two-story building featuring a mix of six one-bedroom and two two-bedroom units. Currently fully leased, this property boasts a strong Net Operating Income (NOI) of $94,190. Ample on-site parking is available for residents. The convenient location offers easy access to shopping, dining, and local schools, all within walking distance. Public transportation is readily accessible, with NJ Transit buses less than half a mile away, and both Somerville and Bridgewater Rail Stations are approximately equidistant at 2.6 and 2.8 miles respectively. Manville's vibrant downtown area provides a wealth of amenities, including numerous restaurants, retail shops, and services. Residents also enjoy access to large parks such as Lincoln Park, featuring recreational facilities like tennis courts, baseball fields, and picnic pavilions. The property is zoned C-Commercial/Townhouse. This fully occupied building presents a compelling investment opportunity with significant potential for future growth and strong cash flow.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Manville
- County
- Somerset
- State
- New Jersey
- Longitude
- -74.5872
- Latitude
- 40.5475
