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33307286
33307285

3103 Veeder Avenue, Toms River, NJ 08753

$1,099,000
5 days on market
Updated 4 days ago

3103 Veeder Avenue

Details
Property Type Retail, Multifamily (+1)
Sub Type Apartment Building, Storefront
Cap Rate 5.30%
NOI $57,950
Occupancy 100%
Tenancy Multi
Year Renovated 2023
Buildings 1
Stories 2
Lot Size (SqFt) 15,000
Parking Spaces spaces
Ground Lease No
Ownership Fee simple

Fully Leased Multi-use income property, apartments, remodeled, great condition, good track record

Marketing description

Exquisitely maintained multi-use property in Toms River. Fully leased with documented track record. Numerous upgrades and improvements made in past several years. Complete lease & property abstract attached to this listing. Owner financing available to qualified purchaser w/ minimum 20% down. Property includes (2) renovated residential units, 1st floor retail with long term tenant operated as a Bar Tending School & Boat Detailing business. Also 3600 square feet of yard rental to single tenant on lease for vehicles. All information including survey, Lead Free Certificate etc. on file. Recent Upgrades include: New Roof, new vinyl siding & gutters, new electrical service, all new windows, new vinyl fencing & exterior lighting, new wireless security cameras and more

Investment highlights

Fully Leased, Owner Financing Possible, Multi-use, Good Investment Track Record, Extensively remodeled last few years, All documents available for review.

Listing Contacts

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$57,950.00
$4,829.17/mo

Valuation Metrics

0
DSCR
5.27%
Cap Rate
5.27%
ROI

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Additional Information

Name
Robert G. Bornstein
License
NJ 8134915
Brokerage
123 REALTORS
Title
Broker of Record
Brokerage Address
1851 Hooper Ave, STE B6, Toms River NJ 08753
Name
Robert Bornstein
License
8134915
Brokerage
123 REALTORS
Brokerage Phone
732-341-8840
Title
Real Estate Broker
Brokerage Address
1851 Hooper Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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