THERE ARE MULTIPLE OFFERS AND WE ARE NOW CALLING FOR HIGHEST AND BEST BY TUESDAY AT 10PM. TURNKEY MULTI-FAMILY INVESTMENT IN KEANSBURG: FREE PRESCHOOL, EXCELLENT CAP RATE, AND STRONG PRO FORMA POTENTIAL. WALK TO THE BEACH FROM THIS UPDATED 3-FAMILY WITH VACANT UNIT, PRICED AT $579,900! A perfect opportunity for investors and owner-occupants, this well-maintained 3-family home is located just a few blocks from the beach in ascending Keansburg. Featuring immediate cash flow and substantial future income growth potential, this property is a must-see. The added perk of free preschool for Keansburg residents makes this an even more attractive location for families, expanding your pool of prospective tenants or buyers.

Supplements: The 1,524 sq ft house is situated on a spacious 5,800 sq ft lot and boasts fresh curb appeal, with a newly painted exterior, shutters, and a replanted front garden with fresh mulch. Exceptional Investment Potential: Strong Initial Cap Rate: The property delivers a solid current Net Operating Income (NOI), translating to an attractive Cap Rate based on the listing price of $579,900. Excellent Pro Forma Potential: Maximize your return by bringing the below-market rents up to current market rates. With market-rate rents in all units, the pro forma NOI is projected to significantly increase, pushing the pro forma Cap Rate to an impressive figure. Unit Details: Unit 3 (Vacant and Fully Renovated): This 2-bedroom, 1-bathroom unit is the star of the property, ready for a new tenant at a market-leading rent. It features a newly repainted interior, brand-new carpet, and an updated kitchen with a new gas range, sink, and countertop. The bathroom is completely modernized with new fixtures, mirror, toilet, and new wall and floor tiles. Unit 1 (Occupied): A 1-bedroom, 1-bathroom unit with newly installed carpet, offering a reliable income stream. Unit 2 (Occupied): A functional studio with a kitchen and bathroom that adds to the property's stable cash flow. Features to Note: Tenant-Friendly Setup: Each unit has separate electric and gas meters, simplifying management and reducing owner-related utility costs. Prime Location: Tenants will enjoy the lifestyle benefits of being just a short stroll from the beach and having easy access to nearby bus stops with routes to the city. Don't miss this opportunity to acquire a turnkey investment with immediate cash flow and compelling upside. This property's attractive financials and recent updates make it an excellent choice for a savvy buyer.