303 Main St Lacey Township, NJ 08731
- Land
- 1.04 lot acres
Current Use by Public Records
- Land
Property Details for 303 Main St
- Lot size
- 1.04 lot acres
- Property type
- Land
- Property subtype
- Residential income homes
Description
This exceptional investment opportunity presents nine luxury townhomes situated on a 1.04-acre lot in desirable Lacey Township, New Jersey. The property, known as Riverview Townhomes, boasts a prime location less than 2.5 miles from Garden State Parkway Exit 74, offering convenient access to local amenities and attractions. Each of the nine units features a unique reverse living design, maximizing stunning views of the Forked River and State marina. These spacious residences range from 1,729 to 3,351 square feet, each including four bedrooms and three bathrooms spread across three levels. The property currently generates a lucrative rental income stream from existing tenants, providing a strong foundation for a solid return on investment. The asking price for this multifamily residential portfolio is $1,499,000. This is a rare opportunity to acquire a well-established, high-performing rental property in a highly sought-after location on the Jersey Shore. The property includes nine individual pads, offering flexibility and potential for future development or expansion. This turnkey investment is ready for a new owner to continue its success.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lacey Township
- County
- Ocean
- State
- New Jersey
- Longitude
- -74.1939
- Latitude
- 39.8361
