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    516 Asbury Avenue

    Asbury Park, NJ 07712
    • $889,000
    • STATUS: Active
    • ON SITE: 13 days
    • MLS #: 22129839
    UPDATED: 23 min ago
    $889,000
    • 0
      BEDS
    • 0.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1920
    County:

    School Ratings & Info

    Description

    Great opportunity to own an income producing 3 family on the 500 block of Asbury Ave. This property features a 2 bedroom, 3 bedroom and a studio, producing just about $50k in net operating income. This home has received many updates in recent years including new roof (2018), 3 water heaters (2016), 3 electric panels ( 2016), new furnace for unit 2 & 3 (2016), new HVAC in unit 1 (2016), and all new kitchens and bathrooms (2016). Tenants pay gas and electric and landlord pays water and sewer. There is essentially nothing left to do, but collect your rent.

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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 2021-09-23T10:19:42.763.
    www.thedemororealtygroup.com/homes/121263573
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    516 Asbury Avenue Asbury Park, NJ 07712

    • Price: $889,000
    • Status: Active
    • Updated: 23 min ago
    • MLS #: 22129839
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.08
    Acres
    1920
    Built
    County:
    Monmouth
    Area:
    Asbury Park (ASB)
    Property Description
    Great opportunity to own an income producing 3 family on the 500 block of Asbury Ave. This property features a 2 bedroom, 3 bedroom and a studio, producing just about $50k in net operating income. This home has received many updates in recent years including new roof (2018), 3 water heaters (2016), 3 electric panels ( 2016), new furnace for unit 2 & 3 (2016), new HVAC in unit 1 (2016), and all new kitchens and bathrooms (2016). Tenants pay gas and electric and landlord pays water and sewer. There is essentially nothing left to do, but collect your rent.
    Exterior Features

    Garage No Lot Dimensions 33 X 100 Parking Driveway On Street Pool YN No Roof Shingled Siding Vinyl Water View No Waterfront No

    Interior Features

    Basement Partial Basement YN Yes Beds Unit1 2 Beds Unit2 3 Beds Unit3 0 Floors See Remarks Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 1 Heat AC Central AirOther Heat Fuel BaseboardForced AirNatural Gas Unit1 DishwasherElectric MeterFurnaceGas MeterGas StoveRefrigeratorWater Heater Unit2 Electric MeterFurnaceGas MeterGas StoveRefrigerator Unit3 Electric MeterFurnaceGas MeterGas StoveRefrigerator Water Heater Electric

    Property Features

    Assessment Land 264700.00 Assessment Status Assessed Assessment Total 634100.00 Deed Restrictions No Est Total Expenses 12461.00 Financials Per Year Financing CashConventional Gross Income 62400.00 Improvements Assessment 369400.00 Landlord Pays SewerWater Multifamily Type Three Family Net Income 49939.00 Owner Individual(s) Rent Unit1 2100.00 Rent Unit2 1850.00 Rent Unit3 1250.00 Tax Year 2020 Taxes 9111.00 Water Sewer Public SewerPublic Water Water Sewer Expense 1100.00

    Listing information © 2021 Monmouth-Ocean MLS. Listing provided courtesy of Travis Newarski of Berkshire Hathaway Homeservices Signature Properties.


    © 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 2021-09-23T10:19:42.763.
     
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    The DeMoro Realty Group | Keller Williams Realty West Monmouth
    Grosso Office Park, 50B Route 9 N.
    Morganville NJ, 07751