73 Partridge RdMatawan, NJ 07747

This exceptional investment opportunity presents a fully leased, 5,017 square foot multi-unit commercial building situated on a 1.14-acre lot in Matawan, NJ. Currently boasting a 6.8% cap rate, this property offers significant potential for increased rental income due to below-market rents. The building comprises ten units, a mix of one- and two-bedroom apartments, all featuring full kitchens. Recent updates within the past 10 years ensure the property is well-maintained and attractive to tenants. The property benefits from a private driveway and ample natural landscaping, a feature highly valued by the current stable tenant base. All tenants are consistently punctual with rent payments and do not receive rental assistance, minimizing risk and maximizing return. The R-40 zoning is grandfathered, providing additional security and flexibility for future development. This is a rare opportunity to acquire a high-performing, cash-flowing asset in a desirable location. The property is priced at $1,999,000. Showings are strictly by appointment only.