Cash Cow Investment Opportunity - Prime Mixed-Use Property in the heart of Red Bank - Fully Rented - Annual cash flow of $105,432 with annual increases in place for the commercial unit! Tenants pay for all utilities. NOI of $87,533. Rare 8% Cap rate investment. Potential to add 3rd floor with additional apartments. Unlock exceptional income potential with this fully renovated mixed-use property, ideally located near downtown Red Bank and just minutes from the upcoming Netflix Studios. This versatile building features a ground-floor commercial space with strong visibility and foot traffic—perfect for a variety of business types. Upstairs, you'll find two beautifully renovated residential units (2024), including a spacious one-bedroom and a stylish studio—both offering modern finishes and
2,360 Sq Ft
1,742.4 Sq Ft Exterior Space
Commercial
$12,899 Annual Tax
Built in 2000
MLS/Listing ID 22513960
2 Stories
Cooling - Central Air
Parking - On Street
Listing Courtesy of C21 THOMSON & CO., KYLE GOLDEN - 732-945-7035
Source of Data: MONMOUTH OCEAN REGIONAL MULTIPLE LISTING SERVICE