5-Unit in Long Branch

160 Chelsea Ave Long Branch, NJ 07740

160 Chelsea Ave, Long Branch, NJ, 07740
160 Chelsea Ave, Long Branch, NJ, 07740
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$775,000
Last Verified:
Jun 04, 2019

Highlights

  • Plenty up upside potential
  • 100% Occupied
  • Desirable, upcoming area
  • Strong rental demand

Description

5-Unit multifamily 1.5 blocks from Ocean Ave. in Long Branch! Walking distance to the Beach, shopping and the train station. Historic structure with a lot of charm. Ample parking in the private parking lot in the rear. 100% occupied.

70x170 lot off Ocean Ave


Year Built: 1890
Building Size: 4328.0sq ft
Lot Size: 0.3 acres

Map of 160 Chelsea Ave, Long Branch, NJ, 07740

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.