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235 Creek Rd
Keansburg, NJ 07734 Aberdeen/Hazlet/Middletown

Price Upon Request

Apartments For Sale  •  45,132 SF

Property Details

  • Property Type Apartments
  • Total Building Size 45,132 SF
  • Lot Size 1.81 AC
  • Building Class C
  • Year Built 1965
  • Zoning SF-05
30 Transit Score
50 Walk Score

Highlights

Creek Point Apartments is a 50-unit value-add apartment community located in Monmouth County, NJ.
Accompanied with assumable financing with 7 years remaining, 3 years of I/O, at a 5.21% rate providing an attractive 11% CoC at closing.
The asset is comprised of four garden-style apartment buildings with semi-private entrances built in 1965.
The community has an ideal unit-mix of 21 two-bedroom and 29 one-bedroom apartments ranging from 700-850 square feet.
Creek Point Apartments has a current rental upside of 11% a month in a market with no adopted rent control ordinance.
The property has seen significant capital expenditures with new roofs, boilers, hot water heaters and plumbing along with 80% of the apartments being

Amenities

  • Laundry Facilities
  • Picnic Area
  • Playground
  • Ceiling Fans
  • Hardwood Floors
  • Refrigerator
  • Oven

Public Transportation

Commuter RailDriveWalkDistance
Hazlet (North Jersey Coast Line - NJ Transit Commuter Rail (NJ Transit)) 8 min - 5.0 mi
Aberdeen Matawan (North Jersey Coast Line - NJ Transit Commuter Rail (NJ Transit)) 9 min - 5.5 mi
AirportDriveWalkDistance
Newark Liberty International 44 min - 31.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 100
Type: Surface
Included in Rent: Yes
Trevor Fiebel 908-285-6921 Berkadia
Trevor Fiebel 908-285-6921 Berkadia