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    OFF-MARKET
    Land

    303 Main St, Lacey Township, NJ 08731

    1.04 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 1.04 ac (45,302 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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