402 2nd Avenue Long Branch, NJ 07740
11 Beds
8 Baths
5,021 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 7+ Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,021 sqft
Price per Sqft $597
Municipality Long Branch (LON)
MLS Listing ID 22519643
Bedrooms 11
Full Baths 8
Year Built 1902
Annual Tax Amount $8,361
Tax Year 2024
Lot Size 0.480 Acres
Acres 0.48
Lot Dimensions 75 x 277
Property Sub-Type 7+ Family
Source MOREMLS (Monmouth Ocean Regional REALTORS®)
Property Description
Welcome to your next profitable venture nestled within one of New Jersey's most sought-after coastal towns! This exceptional multi-family complex features two distinct buildings spread across two expansive lots, offering a total of 8 well-appointed rental units poised for solid returns. Located just steps from beautiful Pier Village beaches, vibrant boardwalk attractions, and thriving local amenities, this property truly embodies the ideal combination of potential and convenience. **Features You'll Love:**
- **Exceptional Layout:** Comprising two thoughtfully designed buildings that maximize both space and comfort. Each unit is uniquely tailored to meet the needs of today's diverse renters.
- **Stable Tenant Base:** Enjoy peace of mind with all tenants currently on month-to-month leases, providing flexibility for rent adjustments or owner occupancy down the line.
- **Carefree Utilities:** The landlord covers water & sewer expenses, simplifying property management and enhancing profitability while ensuring tenant satisfaction.
- **Prime Location:** Long Branch boasts a lively atmosphere with easy access to stunning beaches, parks, shopping centers, fine dining options, and cultural venuesmaking this property a definite must see.
Property in area of multi million dollar properties, public transportation and beach attractions.
Many tenants are long term and would rather stay.
Potential of this R-4 zone is considerable.
396 2nd Avenue lot is 54x274
402 2nd Avenue lot is 75x274
Seller would like both units to sell as one package.
Both properties have been family owned for over 60 years.
Very unique opportunity to be a landlord or own a large parcel of land and the possibilities are endless in this amazing location in desirable Long Branch.
Location
State NJ
County Monmouth
Area None
Direction Cedar Avenue to 2nd Avenue
Rooms
Basement Full
Interior
Heating 3+ Zoned Heat
Cooling Multi Units
Exterior
Parking Features Open, Paved, Common, Detached
Garage Spaces 2.0
Roof Type Shingle
Garage No
Private Pool No
Building
Lot Description Level
Sewer Public Sewer
Water Public
Schools
Elementary Schools Anastasia
Middle Schools Long Branch
High Schools Long Branch
Others
Senior Community No
Tax ID 27-00153-0000-00018
