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616 4th Avenue , (5 Family)

Asbury Park, NJ 07712
  • $1,199,000
  • STATUS: Active Under Contract
  • ON SITE: 128 Days
  • MLS #: 22215499
Under Contract
$1,199,000
  • 5
    BEDS
  • 0.13
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 2,906
    SQFT
  • $413
    $/SQFT
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

Description

RARE opportunity to own a 1900's FIVE FAMILY available on ocean side in Asbury Park! Well maintained and fully occupied this large historic multi offers buyer so many options! Experience strong cash flow as a fully occupied 5 family or live in one and enjoy rental income from the other 4 units. Features includes large rocking chair front porch, full basement, , beautiful stained glass windows, ample side and rear year for grilling and relaxing, driveway, hardwood floors and high ceilings thru out. All units have separate gas and electric meters. Walkable to Asbury Park beaches, boardwalk, downtown, transportation and Main Street. This property has been cared for by same owner since 1987. Time to own a great shore investment property in thriving Asbury Park!

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© 2022 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Team Gio | RE/MAX Central. Data last updated 2022-09-27T00:21:29.387.
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616 4th Avenue , (5 Family) Asbury Park, NJ 07712

  • Price: $1,199,000
  • Status: Active Under Contract
  • On Site: 128 Days
  • MLS #: 22215499
5
Beds
5
Baths
0
½ Baths
0.13
Acres
2,906
SQFT
$413
$/SQFT
1900
Built
County:
Monmouth
Area:
Asbury Park (ASB)
Property Description
RARE opportunity to own a 1900's FIVE FAMILY available on ocean side in Asbury Park! Well maintained and fully occupied this large historic multi offers buyer so many options! Experience strong cash flow as a fully occupied 5 family or live in one and enjoy rental income from the other 4 units. Features includes large rocking chair front porch, full basement, , beautiful stained glass windows, ample side and rear year for grilling and relaxing, driveway, hardwood floors and high ceilings thru out. All units have separate gas and electric meters. Walkable to Asbury Park beaches, boardwalk, downtown, transportation and Main Street. This property has been cared for by same owner since 1987. Time to own a great shore investment property in thriving Asbury Park!
Exterior Features

Exterior LightingStained Glass Garage No Garage Type None Lot Description Corner LotLevelOceansideTreed Lots Lot Dimensions 50 X 110 Parking Driveway Off StreetPaved Pool YN No Roof Shingled Siding Vinyl Water View No Waterfront No

Interior Features

Basement FullShared StorageTenant StorageWalk-Out Access Basement YN Yes Beds Unit1 2 Beds Unit2 0 Beds Unit3 1 Beds Unit4 1 Fireplace Yes Fireplaces 1.00 Floors Ceramic TileLaminateWood Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 1 Full Baths Unit4 1 Half Baths Unit1 0 Heat AC Multi Units Heat Fuel Forced AirNatural Gas Interior AtticFire Sprinkler Unit1 Electric MeterGas MeterGas StoveRefrigerator Unit2 Electric MeterGas StoveRefrigerator Unit3 Electric MeterGas MeterGas StoveRefrigerator Unit4 Electric MeterGas StoveRefrigerator Water Heater Natural Gas

Property Features

Assessment Land 200300.00 Assessment Status Assessed Assessment Total 574200.00 Deed Restrictions No Electric Expense 270.00 Est Total Expenses 21589.00 Excluded Owner's And Tenant's Personal Belongings. Exp CAM 2929.00 Financing CashConventional Gas Expense 1537.00 Gross Income 83700.00 Handicap Access No Improvements Assessment 373900.00 Insurance Expense 4167.00 Landlord Pays Garbage RemovalHot WaterSewerSnow RemovalWaterYard Maintenance Management Fee 0.00 Multifamily Type Five Family Net Income 62111.00 New Construction No Owner CorporateIndividual(S) Phone Expense 0.00 Real Estate Tax Expense 9086.00 Rent Unit1 2200.00 Rent Unit2 1050.00 Rent Unit3 1550.00 Rent Unit4 1150.00 Repairs Maintenance Expense 1311.00 Tax Year 2021 Taxes 9027.00 Tenant Pays ElectricityGasHeat Water Sewer Public SewerPublic Water Water Sewer Expense 2284.00 Zoning Multi-FamilyNeighborhoodResidentialSingle Family

Listing information © 2022 Monmouth-Ocean MLS. Listing provided courtesy of Sonja O'brien of Berkshire Hathaway Homeservices Signature Properties: (732) 897-9200.


© 2022 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Team Gio | RE/MAX Central. Data last updated 2022-09-27T00:21:29.387.
 
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