185 Main St, Matawan, NJ 07747

Rooming house comprised of one detached, wood frame, two and a half story, walk-up facility containing sixteen single rooms and is situated on a 11,940 +/- square foot site. The buildings were constructed circa 1920 with an addition and upgrades over the years. The gross building area is 4,058 (+-) square feet. The subject facility contains 16, one-bedroom units ranging from 90-198 square feet.Gross income per year is approximately $88,300 with a NOI of $51,000. Expenses run approximately $41,000. One unit is occupied the property manager who is paid only by rooming. Potential gross income at 100% occupancy is $114,480. Tenants pay $10 per week extra for A/C.