$1,725,000
A Multi-Family Complex in the Heart of Long Branch - A Unique Investment Opportunity! Welcome to your next profitable venture nestled in 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 4 well-appointed… Read More rental units poised for solid returns. Located just steps from beautiful Pier Village and 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 & 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 venues making this property a definite must see. Property in area of multi million dollar properties, public transportation and Pier Village Long Branch 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 Next door property 402 2nd (8 family) must be sold with this property 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. Read Less
Courtesy of Carolina M Zocco, Rosario Realty Inc.
Listing Snapshot
Days Online
60
Last Updated
Property Type
Multi Family
Beds
10
Full Baths
4
Square Ft.
3,546
Lot Size
0.34 Acres
Year Built
1907
MLS Number
22617865
30 Days Snapshot Of 07740
$1.10M
+27%
(avg) sold price
10
-60%
homes sold
119
+56%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Full
Building
Built in 1907, Building area total: 3,546
Cooling
Multi Units
Exterior Features
Lighting
Heating
3+ Zoned Heat
Lot
0.34 acres, 14,810 square feet, Area: 0.34, Level
Parking
Open, Paved
Roof
Shingle
Sewer
Public Sewer
Taxes
Tax annual amount: $15,086, Tax year: 2025
Tenant Pays
Tenant pays: Hot Water, Heat, Electricity
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River Giberson
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Information herein is deemed reliable but not guaranteed and 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.
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