1 Amberly DrManalapan Township, NJ 07726
- Healthcare properties
Property Details for 1 Amberly Dr
- Property type
- Healthcare properties
- Property subtype
- Retirement homes
Description
This exceptional investment opportunity presents a 33,743-square-foot clubhouse situated on 9.07 acres in Manalapan Township, NJ. The property, part of a thriving 1,557-unit 55+ condominium community (developed in 1972), offers a substantial net operating income (NOI) of $392,000 annually, yielding a 6.82% cap rate at an asking price of $5,750,000. The clubhouse and land are currently leased to the homeowners' association (HOA) under a long-term lease with 47 years remaining. The HOA is responsible for all maintenance and expenses. This offering includes the clubhouse, land, and the assignment of this lease. The property is well-maintained and presents significant long-term redevelopment potential within a robust and expanding market. Conveniently located in a tranquil suburban setting, it enjoys proximity to the Jersey Shore (15 miles) and Manhattan (45 miles). The property's address is 1 Amberly Dr, Manalapan Township, NJ 07726, within Monmouth County.
Location Insight
- City
- Manalapan Township
- County
- Monmouth
- State
- New Jersey
- Latitude
- 40.3313
- Longitude
- -74.3164
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].