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Key Details
Sold Price $690,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,632 sqft
Price per Sqft $422
Subdivision Brant Beach
MLS Listing ID NJOC143570
Sold Date 04/26/19
Style Side-by-Side
HOA Y/N N
Abv Grd Liv Area 1,632
Originating Board JSMLS
Year Built 1960
Annual Tax Amount $4,508
Tax Year 2017
Lot Dimensions 50x75
Property Description
Ultra clean, move-in condition 2 family home located just 9 houses away from the beach. Each apartment has 3 bedrooms, 1 bath, deck and comes fully furnished. $34,000+ average rental income over the past 3 years ($32,000 booked so far in 2018). Average expenses 2015-2017: $17,000 including capital improvements (furniture, window a/c, new roof in '16. Owners use 1st floor apt. each summer for 2 weeks so income projection is realistically +$4,400. This property is a great investment vehicle and/or an ideal place to use with the family and cover a significant portion of living expenses with rental income. 1st floor apt. has ductless a/c and heat. 2nd floor apt. has electric baseboard heat and window a/c. 1st floor rents for $2,200/week. 2nd floor rents for $1,800-$2,000/week.
Location
State NJ
County Ocean
Area Long Beach Twp (21518)
Zoning RESIDENTIA
Interior
Interior Features Entry Level Bedroom, Ceiling Fan(s), Floor Plan - Open, Recessed Lighting
Flooring Ceramic Tile, Vinyl, Fully Carpeted, Wood
Equipment Oven/Range - Electric, Built-In Microwave, Refrigerator, Washer/Dryer Stacked, Stove
Fireplace N
Appliance Oven/Range - Electric, Built-In Microwave, Refrigerator, Washer/Dryer Stacked, Stove
Exterior
Exterior Feature Deck(s)
Water Access N
Roof Type Shingle
Accessibility None
Porch Deck(s)
Building
Lot Description Corner
Foundation Crawl Space
Sewer Public Sewer
Water Public
Architectural Style Side-by-Side
Additional Building Above Grade
New Construction N
Schools
School District Southern Regional Schools
Others
Tax ID 18-00015-74-00016
Ownership Fee Simple
Special Listing Condition Standard
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Bought with Matthew Garabedian • Garabedian Realty Group, LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "