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253 Mantoloking Rd 1 Unit Apartment Building $2,281,125 CAD ($2,281,125 CAD/Unit) 6.40% Cap Rate Brick, NJ 08723
EXECUTIVE SUMMARY
New Commercial Listing – 253 Mantoloking Road, Brick Township, NJ
Offered at $1,650,000
This mixed-use investment property delivers immediate income with strong upside potential.
Two 3-Bedroom Apartments on the first floor, fully rented.
Second Floor Build-Out Potential: Approved plans and zoning for a third 3-bedroom apartment plus 1,000 sqft of office space.
Pre-plumbed for Expansion, making the additional unit and office easy to complete.
Large On-Site Parking Lot for tenants and office use.
Just minutes to Mantoloking Bridge and the beach, offering a highly desirable location for both residential and commercial tenants.
Strong Returns with a 6.4% cap rate.
A rare opportunity in Brick Township to acquire a stabilized asset with built-in growth potential in a prime Jersey Shore location.
Offered at $1,650,000
This mixed-use investment property delivers immediate income with strong upside potential.
Two 3-Bedroom Apartments on the first floor, fully rented.
Second Floor Build-Out Potential: Approved plans and zoning for a third 3-bedroom apartment plus 1,000 sqft of office space.
Pre-plumbed for Expansion, making the additional unit and office easy to complete.
Large On-Site Parking Lot for tenants and office use.
Just minutes to Mantoloking Bridge and the beach, offering a highly desirable location for both residential and commercial tenants.
Strong Returns with a 6.4% cap rate.
A rare opportunity in Brick Township to acquire a stabilized asset with built-in growth potential in a prime Jersey Shore location.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$201,012
|
$35.27
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$53,659
|
$9.41
|
| Net Operating Income |
$147,353
|
$25.85
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $201,012 |
| Annual Per SF | $35.27 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $53,659 |
| Annual Per SF | $9.41 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $147,353 |
| Annual Per SF | $25.85 |
PROPERTY FACTS
| Price | $2,281,125 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $2,281,125 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 1.11 AC |
| Cap Rate | 6.40% | Building Size | 5,700 SF |
| No. Units | 1 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2007 |
| Property Subtype | Apartment | ||
| Zoning | VZ | ||
| Price | $2,281,125 CAD |
| Price Per Unit | $2,281,125 CAD |
| Sale Type | Investment |
| Cap Rate | 6.40% |
| No. Units | 1 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.11 AC |
| Building Size | 5,700 SF |
| No. Stories | 2 |
| Year Built | 2007 |
| Zoning | VZ |
AMENITIES
UNIT AMENITIES
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
1 1
PROPERTY TAXES
| Parcel Number | 07-00109-11-00001 | Improvements Assessment | $794,976 CAD (2025) |
| Land Assessment | $388,066 CAD (2025) | Total Assessment | $1,183,042 CAD (2025) |
PROPERTY TAXES
Parcel Number
07-00109-11-00001
Land Assessment
$388,066 CAD (2025)
Improvements Assessment
$794,976 CAD (2025)
Total Assessment
$1,183,042 CAD (2025)
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253 Mantoloking Rd
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