316 8th Avenue, Asbury Park, 07712

Multi-Family - MultipleBldgs For Sale in Ne Asbury Pk


MLS® #: 21803171

NEW & IMPROVED! 8 unit multi-family w/6 apts in the front house & 2 apts. in rear house. Over 4300 sq.ft well maintained living space in an area of $1M plus homes. Good rental history w/ long term tenants. A few short blocks to our award winning beach & boardwalk. Recently issued State Green Card certified for the next 5 years. Newer high efficiency Weil-McLain gas furnace & quick recovery hot water heater. 200 amp updated electrical service. Newer vinyl siding and vinyl replacement windows. Mostly hardwood flooring throughout. Est. gross income almost of $94K/year w/ a net of almost $65K. Expenses are approx $29,000 annually. Current rents are mostly all under market. Former finished basement w/a full bath that could possibly allow for expansion. Private rear yard. A great investment.

Essential Information

MLS® #: 21803171
Price: $889,900
Bathrooms: 8.00
Full Baths: 8
Acres: 0.00
Type: Multi-Family
Sub-Type: MultipleBldgs
Status: Active
Zoning: Non-Conforming, Neighborhood, Multi-Family

Community Information

Address: 316 8th Avenue
Area: Asbury Park
Subdivision: Ne Asbury Pk
City: Asbury Park
County: Monmouth
State: NJ
Zip Code: 07712


Parking: Off Street, On Street, Paved
Garages: None
Is Waterview: No


Interior Features: Balcony, Locked Storage, Center Hall
Heating: HWBB, Radiator
# of Stories: 3


Exterior: Vinyl, Stucco - Cement
Exterior Features: Thermal Window, Patio, Deck, Fence, Recreation Area, Screens
Lot Description: Oceanside
Roof: Shingled

Listing Details

Listing Agent: Robert M Roccia
Listing Office: Re/max Gateway

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth County Association of REALTORS®, and is updated as of March 18th, 2018 at 7:05pm EDT (date/time). 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.