177 Union Avenue, Long Branch, NJ 07740
$1,250,000
Property Type:
Multi-Family
Status:
Active
Current Price:
$1,250,000
List Date:
9/18/2023
Last Modified:
4/25/2024
Description
Great investment opportunity in Long Branch's downtown redevelopment zone. 300 new apartments are being built directly across the street by the Kushner Companies (owners of Pier Village). Great investment opportunity in high growth Long Branch. Only 2 blocks to the beach. Close to Broadway for shopping and dining. Easy access from rt 36, rt35, rt 18 and Garden State Parkway exit 105. Close to Monmouth Medical Center and Monmouth University for potential seasonal rental options.
Cap rate 7.2%
More Information MLS# 22326130
Contract Info
Status: Active
List Date: 2023-09-18
List Price: $1,250,000
Current Price: $1,250,000
Property Sub-Type: Four Family
Location
House Number: 177
Street Name: Union
Street Suffix: Avenue
County: Monmouth
Municipality: Long Branch (LON)
Postal City: Long Branch
State: NJ
Zip Code: 07740
Area/Section: None
Complex/Subdivision: None
Middle School: Long Branch
Directions: Liberty to Union
General Property Info
# Units in Bldg: 4
Lot Dimensions: 50 x 150
Garage: No
Pool: No
Waterfront: No
Waterview: No
Tax and Legal
Deed Restricted: No
Taxes: 7601
Tax Year: 2022
Property Features
Basement: Walk-Out Access
Cooling: Multi Units
Heating: Natural Gas
Water Heater: Natural Gas
Water/Sewer: Public Sewer; Public Water
Assessment Status: Assessed
Showing: Call Agent
Listing Office: Douglas Elliman of NJ LLC
Listing Agent: Chris Katz
Last Updated: April - 25 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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 Ocean Regional REALTORS®, and site contains live data. 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.