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Ocean Acres 08050
224 Leeward Road
Photo of 224 Leeward Road
Sold on Jun 20, 2024

54

Map

Photo of 224 Leeward Road
Photo of 224 Leeward Road
$540,000
● Multifamily - Off Market

224 Leeward Road

Stafford, NJ 08050
bedrooms
Studio
bathrooms
0 Bath
$2,992
Est. Monthly
2.31%
Cap Rate

About This Property

*Excellent Investment Opportunity* in this 6 Bed 4 Bath Duplex in the sought after Ocean Acres section! Well maintained and incredibly spacious, each unit boasts identical layouts that make for easy and accessible living. The main levels each hold a sizable Living room and spacious Eat-in-Kitchen with breakfast bar, ample cabinet and pantry storage. Each EIK opens to a sunsoaked Family/Dining room with slider to your own private patio. Convenient 1/2 Bath and laundry hook-ups, too! Upstairs, each unit offers 3 generously sized Bedrooms and 1 Full Bath. Private patios, private fenced-in backyard space, two exclusive driveways, outdoor storage, shed, Central Air, natural gas utilities and so much more! An ideal rental or great for multi-gen living, the possibilities are endless. Don't miss out! Opportunity is knocking!
Unit Size
-
Days on Market
58 days
Land Size
0.31 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$537
HOA Dues
-
Year Built
1978

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 11 months ago (CJMLS #2410926R)

Price History

Date / Event Date Event Price
Jun 20, 2024 Sold
Premium
Sold
May 14, 2024 In contract -
In contract
Apr 23, 2024 Listed by RE/MAX 1st ADVANTAGE $499,999
Listed by RE/MAX 1st ADVANTAGE
May 21, 2021 Sold
Premium
Sold
Jun 6, 2006 Sold to Nany Patricia B Mc, Owen Mc...
Premium
Sold to Nany Patricia B Mc, Owen Mc...
Show More

Property Highlights

Parking Details
Parking Features: 3-4 Car Parking
Interior Details
Interior Features: Unit 1(Dining Room, 3 Bedrooms, Kitchen, Laundry Hookup, Living Room, 1 1/2 Baths), Unit 2(Dining Room, 3 Bedrooms, Kitchen, Living Room, 1 1/2 Baths)
Appliances: Water Heater(Electric), Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator)
Flooring Type: Unit 1 Carpet, Unit 2 Carpet
Rooms: 12
Exterior Details
Patio, Porch(es) - Open, Door(s)-Storm/Screen, Fencing/Wall, Windows - Insulated Pane, Yard, Blinds, Porch, Private Entrance, Screens/Storms, Storage Area-Private
PropertySubType: 2 Family
Stories (Total): 2
Window Features: Insulated Windows, Blinds, Screens/Storms
Patio and Porch Features: Patio, Porch(es) - Open, Porch
Lot Size Area: 0.3122
Lot Size Acres: 0.3122
Zoning: R90
Parcel Number: 310004412800013
Water Source: Public
Financial Details
Tax Annual Amount: $6,443
Tax Year: $2,022
Utilities Details
Utilities: Electricity Connected, Natural Gas Connected
Cooling Type: A/C Central - All, Unit 1(A/C Central), Unit 2(A/C Central)
Heating Type: Baseboard Electric
Sewer : Public Sewer


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Sold
Multifamily
3 Beds
2 Baths
-
$520,000 Jul 11, 2023
$520,000 Sep 15, 2023
-
Sold
Multifamily
6 Beds
4 Baths
-
$420,000 May 30, 2021
$420,000 Aug 27, 2021
-
Sold
Multifamily
6 Beds
4 Baths
-
$450,000 Jun 14, 2023
$450,000 Aug 24, 2023
$545/mo
Sold
Multifamily
6 Beds
4 Baths
-
$520,000 Jun 20, 2023
$520,000 Sep 15, 2023
-
Sold
Multifamily
5 Beds
2 Baths
-
$520,000 Jan 22, 2024
$520,000 Mar 25, 2024
$508/mo
Sold
Multifamily
6 Beds
4 Baths
-
$420,000 Jun 24, 2021
$420,000 Nov 19, 2021
$538/mo
Active
House
3 Beds
2 Baths
1,956 ft²
$250/ft²
$489,900 Jun 17, 2024
-
-
In Contract
House
4 Beds
3 Baths
2,072 ft²
$253/ft²
$524,900 Jun 2, 2024
-
-
In Contract
House
3 Beds
1 Bath
1,056 ft²
$402/ft²
$424,500 May 6, 2024
-
-
In Contract
House
3 Beds
2 Baths
1,092 ft²
$412/ft²
$450,000 Mar 21, 2024
-
$324/mo
Active
House
4 Beds
3 Baths
2,108 ft²
$237/ft²
$499,900 May 31, 2024
-
$530/mo
In Contract
House
3 Beds
3 Baths
1,907 ft²
$302/ft²
$575,000 May 9, 2024
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20240423
04/23/2024
Studio
-
-
$499,999
bedrooms
Studio
bathrooms
-
$540,000 +8.00%
06/20/2024
-
ROBERT DEKANSKI
RE/MAX 1ST ADVANTAGE

Building Info

224 Leeward Road 224 Leeward Road, Manahawkin, NJ 08050
More about this Building
224 Leeward Road
Want to find out who owns 224 Leeward Road, Manahawkin, NJ 08050? Get detailed property transactions here.

About Ocean Acres

Stats & Trends

Median Asking:

$499,999

Sale Price/ft²

$274

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1731 ft²

Average Home Age

23.8 years

Currently For Sale

95 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Nearby Rentals

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1217 Canal Ave, MANAHAWKIN, NJ, 08050 Listing by RH Advisors Bright
Unit for rent at 225b Leeward Road, Manahawkin, NJ, 08050

$2,500 /mo

  • 3 Beds
  • 1 Bath
225b Leeward Road, Manahawkin, NJ, 08050 Listing by Edward DeBiase

Rentals Near You

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CJMLS

Listed by: ROBERT DEKANSKI
RE/MAX 1st ADVANTAGE
Last Updated: 11 months ago
Data Source: CJMLS , MLS# 2410926R
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc. CalDRE: 00494703
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