Rumson, NJ, February 06, 2019 --(PR.com
)-- Preferred Properties Real Estate is pleased to introduce to the market 161-169 Lincoln Ave. in beautiful Long Branch, New Jersey. George Coffenberg is representing the seller in the marketing of this commercial property for $1,549,900.
Preferred Properties Real Estate is proud to introduce this fantastic investment opportunity. There are a total of four retail spaces and 2 apartments generating a net operating income of 122 thousand dollars with a cap rate of 5.7 percent. There is a 2 unit 1 story retail building with the potential to build up and a 4 unit building on a corner location. The property is just a block to the Elberon Train Station and a half mile to the beaches. Monmouth University is also nearby. For further details please contact listing agent George Coffenberg at 732-513-0248.
About Preferred Properties Real Estate
The Coffenberg Family has owned real estate companies in the Monmouth County are since 1978. Preferred Properties Real Estate is a full-service real estate brokerage dedicated to a long-standing tradition of excellence. Through the use of their global network, comprehensive marketing strategies, strategic social networking tools and innovative search engine optimization techniques, Preferred Properties Real Estate provides its agents with the tools they need to provide maximum worldwide exposure for their clients. For more information, please visit www.ppmoves.com.