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42 Beechwood Avenue

Keansburg, NJ 07734
  • $425,000
  • STATUS: Active
  • ON SITE: 37 days
  • MLS #: 22120090
Foreclosure
$425,000
  • 6
    BEDS
  • 0.14
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,296
    SQFT
  • $185
    $/SQFT
Type:
Multi-Family
Built:
1967
County:

School Information

Elementary School:
Middle School:
High School:

Description

Excellent 2 family in a nice neighborhood! This large 2 family home has an approximate 10.5% return on Investment (ROI) & a 7.3% cap rate! Rents are $1,750 & $1,750 from long term tenants who have been here since 2012 (up) & 2017 (down)! Tenants pay gas, electric & handle snow removal. Landlord pays water/sewer & handles lawn care. Each unit has 3 bedrooms, 1 bathroom, living room, dining room & kitchen & combo washer/dryer units. Excellent rents & rental history! Large yard & deck. Shared paved driveway. 2 separate water heaters, boilers and electric, water & gas meters! Photos prior to tenants move in. Both units are being freshly painted! Owner obtaining the certificate of occupancies. **2nd unit rent is scheduled to increase to $1,750 on 9/1/2021. Flood insurance ONLY $822/year!**NOTE that the 2nd unit rent is scheduled to increase from $1,700 to $1,750/month starting on September 1, 2021.**

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© 2021 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 The DeMoro Realty Group | Keller Williams Realty West Monmouth. Data last updated 2021-07-30T00:19:26.503.
www.thedemororealtygroup.com/homes/118576166
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42 Beechwood Avenue Keansburg, NJ 07734

  • Price: $425,000
  • Status: Active
  • MLS #: 22120090
6
Beds
2
Baths
0
½ Baths
0.14
Acres
2,296
SQFT
$185
$/SQFT
1967
Built
County:
Monmouth
Area:
Keansburg (KEA)
Elementary School:
Port Monmouth Rd
Middle School:
J. R. Bolger
High School:
Keansburg
Property Description
Excellent 2 family in a nice neighborhood! This large 2 family home has an approximate 10.5% return on Investment (ROI) & a 7.3% cap rate! Rents are $1,750 & $1,750 from long term tenants who have been here since 2012 (up) & 2017 (down)! Tenants pay gas, electric & handle snow removal. Landlord pays water/sewer & handles lawn care. Each unit has 3 bedrooms, 1 bathroom, living room, dining room & kitchen & combo washer/dryer units. Excellent rents & rental history! Large yard & deck. Shared paved driveway. 2 separate water heaters, boilers and electric, water & gas meters! Photos prior to tenants move in. Both units are being freshly painted! Owner obtaining the certificate of occupancies. **2nd unit rent is scheduled to increase to $1,750 on 9/1/2021. Flood insurance ONLY $822/year!**NOTE that the 2nd unit rent is scheduled to increase from $1,700 to $1,750/month starting on September 1, 2021.**
Exterior Features

Exterior DeckFenceOutdoor LightingPatioThermal Window Garage No Garage Type None Lot Description Fenced AreaLevel Lot Dimensions 50 X 125 Parking Driveway Off StreetOn StreetPaved Parking Spaces 2.00 Pool YN No Roof Shingled Siding BrickVinyl Water View No Waterfront No

Interior Features

Basement Crawl Space Basement YN No Beds Unit1 3 Beds Unit2 3 Fireplace No Fireplaces 0.00 Floors Ceramic TileW/W CarpetWood Full Baths Unit1 1 Full Baths Unit2 1 Heat AC Hwbb Heat Fuel Natural Gas Master Bed Level Unit1 1 Master Bed Level Unit2 2 Unit1 Electric MeterGas MeterGas StoveRefrigeratorWasherWasher HookupWater HeaterWater Meter Unit2 Electric MeterGas MeterGas StoveRefrigeratorWasherWasher HookupWater HeaterWater Meter Water Heater ElectricNatural Gas

Property Features

Assessment Land 43800.00 Assessment Status Assessed Assessment Total 150500.00 Deed Restrictions No Excluded Tenants Personal Property. Financials Per Year Financing CashConventional Gross Income 42000.00 Handicap Access No Improvements Assessment 106700.00 Insurance Expense 1355.00 Landlord Pays SewerWaterYard Maintenance Multifamily Type Two Family New Construction No Other Elementary J. C. Caruso Other Expense Desc 822 Other High Mater Dei Hs Owner CorporateNj Lic Re Real Estate Tax Expense 6031.00 Rent Unit1 1750.00 Rent Unit2 1750.00 Tax Year 6031 Taxes 2020.00 Tenant Pays ElectricityGasSnow Removal Water Sewer Public SewerPublic Water Water Sewer Expense 2560.00 Zoning Residential

Listing information © 2021 Monmouth-Ocean MLS. Listing provided courtesy of Michael Laico of Re/Max 1St. Advantage.


© 2021 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 The DeMoro Realty Group | Keller Williams Realty West Monmouth. Data last updated 2021-07-30T00:19:26.503.
 
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The DeMoro Realty Group | Keller Williams Realty West Monmouth
Grosso Office Park, 50B Route 9 N.
Morganville NJ, 07751