704-710 Mattison Ave Asbury Park, NJ 07712
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 704-710 Mattison Ave
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a 48-unit apartment building located at 704-710 Mattison Avenue in Asbury Park, New Jersey, 07712. Priced at $5,000,000, this multifamily property offers significant potential for investors. The building currently houses 48 studio apartments, all within a building that includes an attached historic theater. The property's location in Asbury Park, Monmouth County, provides access to a vibrant and growing community. This is a prime opportunity to acquire a substantial rental income stream in a desirable coastal location. Further enhancing the investment potential, an adjacent parcel of land is available for purchase for an additional $2,500,000. This land could be used to expand parking facilities or for additional development, significantly increasing the overall value and potential return on investment. The property is designated as an Opportunity Zone, offering potential tax advantages for qualified investors. A comprehensive offering package is available upon request, providing detailed financial projections and further information on this unique investment opportunity. The property's latitude and longitude coordinates are 40.2163733, -74.0121793 respectively. Don't miss this chance to acquire a substantial multifamily property with significant upside potential in a thriving New Jersey coastal town.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Asbury Park
- County
- Monmouth
- State
- New Jersey
- Longitude
- -74.0122
- Latitude
- 40.2164
