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    FOR SALE
    1031 exchange properties

    380 Division St Long Branch, NJ 07740

    9,436 SF
    Property ID
    US59-1579396
    380 Division St, Long Branch, NJ 07740 For Sale 1 / 16
    $3,699,000 9,436 SF
    380 Division St, Long Branch, NJ 07740
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    AI-generated overview

    380 Division Street represents a compelling 1031 exchange replacement opportunity for investors seeking immediate, stable income, minimal management burden, and long-term appreciation in a coastal New Jersey market. Converted from a convent in 2023, this fully occupied 14-unit apartment building features modern interiors, upgraded systems, strong life-safety infrastructure, and institutional-grade security-significantly reducing capital expenditure risk for the new owner. With a low annual operating expenses, and a one-bedroom-heavy unit mix, this asset is ideally suited for buyers under 1031 timelines who require a turnkey, stabilized property with durable cash flow. Newer conversion (2023) Fully occupied with in-place rents Low operating exp

    Property profile
    Verified
    Property type 1031 exchange properties
    Total area 9,436 SF
    UPID US59-1579396
    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
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