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1324 Corlies Ave 4 Unit Apartment Building Offered at $949,242 CAD Neptune City, NJ 07753
Executive Summary
Value-add/mixed-use redevelopment opportunity in a high-visibility area near Route 35. Prior configuration was a two-family residence with retail at the ground level. Renovation is underway with framing in place and partial plumbing/electrical completed based on a prior concept to convert to a three-family residential layout with retail/office on the first floor. All proposed use, zoning compliance, permits, and approvals are the responsibility of the buyer, and construction will need to be completed. Property includes a basement storage and a large parking lot behind the building. Convenient access to Route 18, the Garden State Parkway, Jersey Shore University Medical Center, and nearby Ocean Grove/ Asbury Park beach areas. Lot approx. 50' x 161'; estimated building size is approximately 27x82.
Property Facts
| Price | $949,242 CAD | Property Type | Multifamily |
| Price Per Unit | $237,311 CAD | Building Size | 2,782 SF |
| Sale Type | Investment | No. Stories | 3 |
| No. Units | 4 | Year Built | 1950 |
| Price | $949,242 CAD |
| Price Per Unit | $237,311 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 2,782 SF |
| No. Stories | 3 |
| Year Built | 1950 |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 35-00515-0000-00005 | Improvements Assessment | $414,182 CAD |
| Land Assessment | $334,574 CAD | Total Assessment | $748,756 CAD |
Property Taxes
Parcel Number
35-00515-0000-00005
Land Assessment
$334,574 CAD
Improvements Assessment
$414,182 CAD
Total Assessment
$748,756 CAD
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1324 Corlies Ave
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