364 Westwood Avenue 12 UNITS, Long Branch, NJ 07740 (MLS# 22501813)

364 Westwood Avenue 12 UNITS, Long Branch, NJ 07740

$2,750,000

Property Type: Commercial Status: Closed

Current Price: $2,750,000 List Date: 1/21/2025 Last Modified: 6/13/2025

Overview

Description

Incredible investment opportunity! This 12-unit portfolio is located in the highly desirable Westwood Village community in the heart of Long Branch. All units are clean and some updated, rented, and generating strong income with stable leases and high rent rolls. Offering a fantastic cap rate, this deal is perfect for investors looking to expand their portfolio.Walking distance to all shopping, train and major transportation. Don't miss out on this rare opportunity!

Listing Details MLS# 22501813

Contract Info

Property Sub-Type: Multi Family
Sale: Yes
Lease: No

Location

House Number: 364
Street Name: Westwood
Street Suffix: Avenue
Unit/Suite #: 12 UNITS
County: Monmouth
Municipality: Long Branch (LON)
Postal City: Long Branch
State: NJ
Zip Code: 07740
Area/Section: None
Complex/Subdivision: Westwood Vlge
Directions: USE GPS TO 364 WESTWOOD AND UNIT 79

General Property Info

# Levels: Yes
Garage: No
# Parking Spaces: 12
# Car Garage: 0

Status Change Info

Contingent Date: 2025-02-20
Under Contract Date: 2025-02-26
Sold Date: 2025-06-12

Tax and Legal

Asmnt - Total: 0

Income & Expenses

# Rental Units: 12
Financials Per: Year
Gross Income: 349500
Monthly Maint Fee: 5826
RE Taxes: 38142

More Information

Use

Apartments: Yes

Zoning

Residential: Yes

Electric

Other - See Remarks: Yes

Gas

On Site: Yes

Cooling

Window Unit(s): Yes

Water Heater

Natural Gas: Yes

Heating

Baseboard: Yes

Water

Public Water: Yes

Sewer

Public Sewer: Yes

Parking

Assigned: Yes
Reserved: Yes

Assessment Status

Assessed: Yes

Financing

Cash: Yes

Documents Available

Lease: Yes

Property Features

Use: Apartments Cooling: Window Unit(s) Heating: Baseboard Water Heater: Natural Gas Water: Public Water Sewer: Public Sewer Gas: On Site Electric: Other - See Remarks Parking: Assigned; Reserved Zoning: Residential Assessment Status: Assessed Documents Available: Lease Financing: Cash

Listing Office: EXP Realty

Listing Agent: Aleksandr Pritsker

Last Updated: June - 13 - 2025

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.