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34330914
34330915

221 Chestnut Street, Toms River, NJ 08753 For Sale

$750,000
12 days on market
Updated 11 days ago

221 Chestnut Street

Details
Property Type Retail, Multifamily
Sub Type Apartment Building
Square Footage 1,850
Units 2
Cap Rate 6.00%
NOI $44,563
Occupancy 100%
Tenancy Multi
Rent Bumps Yes
Year Renovated 2025
Lot Size (SqFt) 20,000
Zoning Residential
Parking Spaces 5 spaces
Parking per 1,000 SqFt 2.70
Ground Lease No

Leased 2 family w possible Owner Financing, Great Condition

Marketing description

Fabulous 2 family home on nearly 1/2 acre in Toms River w/ owner financing available. Property is fully rented, upgraded and beautifully maintained. Each unit features 2 bedrooms, 1 bath and nice living area with appliances, washer/dryer & central air. Separate utility meters, oversized yard with new fencing, new paved parking lot and lockable storage on site for each unit. Other upgrades include new electric service to both units including meter pans, breaker panels etc., termite warranty, exterior lighting & wireless security cameras. Unit B also was completely updated in 2025 w/ new windows, granite kitchen, stainless appliances, new floors & plumbing. Full details & financials are attached to listing for download. Interior photos are prior to tenant occupancy. Please, no property visits without a confirmed appointment.

Investment highlights

Fully leased and recently upgraded. Situated on nearly 1/2 acre in great location convenient to transportation, highways, employment etc.

Listing Contacts

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$44,563.00
$3,713.58/mo

Valuation Metrics

0
DSCR
5.94%
Cap Rate
5.94%
ROI

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Additional Information

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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