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Investment Highlights

  • Very rural and relaxing area

Executive Summary

15 acres 12 acres used as farmland, 9000 sq ft old farmhouse to be converted to condominiums and 2500 sq ft house expanded to 5000 sq ft Flagpole lot.

Financial Summary (Pro Forma - 2024)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $328,248 $28.54
Other Income $1,368 $0.12
Vacancy Loss - -
Effective Gross Income $329,616 $28.66
Taxes - -
Operating Expenses - -
Total Expenses $21,883 $1.90
Net Operating Income $307,732 $26.76

Financial Summary (Pro Forma - 2024)

Gross Rental Income (CAD)
Annual $328,248
Annual Per SF $28.54
Other Income (CAD)
Annual $1,368
Annual Per SF $0.12
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $329,616
Annual Per SF $28.66
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $21,883
Annual Per SF $1.90
Net Operating Income (CAD)
Annual $307,732
Annual Per SF $26.76

Property Facts

Price $4,793,985 CAD
Price Per SF $416.87 CAD
Sale Type Investment
Sale Condition Redevelopment Project
Property Type Specialty
Property Subtype
Shelter
  • Specialty Lodge Meeting Hall
  • Specialty Religious Facility
Building Class C
Lot Size 15.00 AC
Building Size 11,500 SF
No. Stories 3
Year Built/Renovated 1850/1975
Parking Ratio 1.74/1,000 SF
Zoning R4 - currently zoned residential 4 acres and farmland, 9000 sq ft house looking for builder to convert.to condominium
Somewhat walkable
20/100
Exceptionally drivable
100/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 20-00015-0000-00003-01
  • 20-00015-0000-00003-01-QFARM
Land Assessment
$850,590 CAD (2025)
Improvements Assessment
$642,668 CAD (2025)
Total Assessment
$1,493,258 CAD (2025)
  • Listing ID: 31183895

  • Date on Market: 2024-03-11

  • Last Updated:

  • Address: 184-186 NJ-34 Hwy, Holmdel, NJ 07733

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