715 Main Street
Asbury Park, NJ 07712
$995,000
Commercial building fully rented located in the redevelopment zone on a highly visible intersection. This property has the potential to generate more cash flow. Zoning for this building will allow up to a 45 ft.height, by adding a 3rd floor.. Asbury Park has received a grant to redevelop the main st corridor from the state and is primed for continued growth. The Commercial space, ground level is 4000 Sq ft. and has a three years left on the lease. All of the apartments are located upstairs and have 2 /3 BR's Each. Excellent opportunity..to get in while you can
MLS ID: | 21727272 |
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Status: | Closed |
List Price: | $1,100,000 |
Sold Price: | $995,000 |
Sold Date: | 07/02/2018 |
Property Type: | Multi-Family |
Property Sub Type: | Four Family |
Bedrooms: | 3 |
Baths Full: | 8 |
Total Bathrooms: | 8 |
Apx Sq Ft: | 8,000 |
Parking Available?: | No |
Taxes: | $19,500 |
Waterview: | No |
Town: | Asbury Park |
Area: | Se Asbury Pk |
County: | Monmouth |
ZIP: | 07712 |
# Levels: | 2.0 |
Tax Year: | 2016 |
Directions: | Rt. 35 to Asbury Ave. to Main St. |
Area/Section: | Se Asbury Pk |
Middle School: | Asbury Park |
High School: | Asbury Park |
Fireplace: | No |
New Construction: | No |
# Car Garage: | 0.00 |
List Price/Sq Ft: | $137.50 |
Basement: | No |
Assessment Status: | Assessed |
Heat Fuel: | Forced Air, Natural Gas, Radiator |
Interior: | Locked Storage |
Parking: | None, On Street |
Roof: | Flat |
Siding: | Stucco - Cement |
Water Heater: | Natural Gas |
Water/Sewer: | Public Sewer, Public Water |
Municipality: | Asbury Park (ASB) |
Tax Id#: | 04-02606-0000-00001 |
Unit 6: | Furnace, Gas Meter, Water Meter |
Unit 6: Other Room Desc: | 4000 SF ground level |
Unit 6: Other Level: | 1 |
Unit 6: Rent: | $4,000 |
Income & Expenses: Re Tax Expense: | $20,236 |
Income & Expenses: Insurance Expense: | $9,600 |
Unit 2: Rent: | $1,125 |
Income & Expenses: Estimated Total Expenses: | $32,196 |
Income & Expenses: Gross Income: | $102,000 |
Income & Expenses: Net Income: | $69,804 |
Unit 2: Living Room Dimensions: | YES |
Unit 2: Kitchen Dimensions: | YES |
Unit 2: # Full Baths: | 1 |
Unit 2: # Bedrooms: | 2 |
Tenant Pays: | Electricity, Gas, Hot Water, Sewer, Water |
Unit 1: | Furnace, Gas Meter, Gas Stove, Refrigerator, Water Heater, Water Meter |
Unit 2: | Gas Meter, Refrigerator, Water Heater, Water Meter |
Unit 3: | Gas Meter, Gas Stove, Refrigerator, Water Heater, Water Meter |
Unit 4: | Gas Meter, Gas Stove, Refrigerator, Water Heater, Water Meter |
Unit 1: Rent: | $1,125 |
Unit 1: Living Room Dimensions: | YES |
Unit 1: Kitchen Dimensions: | YES |
Unit 1: # Full Baths: | 1 |
Unit 4: Rent: | $1,125 |
Unit 1: # Bedrooms: | 2 |
# Units In Bldg: | 4.0000 |
Unit 4: Living Room: | YES |
Unit 4: Kitchen: | YES |
Unit 4: # Full Baths Unit 4: | 1 |
Unit 4: # Bedrooms Unit 4: | 3 |
Unit 3: Rent: | $1,125 |
Unit 3: Living Room: | YES |
Unit 3: Kitchen: | YES |
Unit 3: # Full Baths: | 1 |
Unit 3: # Bedrooms: | 2 |
Listing Courtesy of: Robert DeFalco Realty Inc.
Listing Agent: Janice Rizzo
(732) 757-7949
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Monmouth Ocean Regional MLS data last updated on March 28, 2024 12:23 PM.
Property Last Updated: November 28, 2023 04:40 PM