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442 Westwood Avenue, Long Branch, NJ 07740

$1,675,000
Property Type: Multi-Family Bedrooms: 6 Baths: 3 Square Footage: 4,467 Lot Size (sq. ft.): 30,056 Status: Active
Current Price: $1,675,000 List Date: 4/24/2024 Last Modified: 5/06/2024

Description

Experience the epitome of turnkey investment with this stunning 3-family residence nestled in the heart of vibrant Long Branch! Recently revitalized with a full-scale renovation in 2022, this income-producing gem boasts a plethora of modern upgrades, ensuring hassle-free ownership for discerning investors. From top to bottom, no expense was spared in transforming this property into a haven of contemporary comfort. Enjoy peace of mind with all-new electrical, plumbing, HVAC systems, flooring, insulation, and sheetrock. Exterior enhancements include a brand-new fire escape and siding, adding both safety and curb appeal. Step inside each unit to discover a world of luxury, where sleek new kitchens and baths redefine modern living. Impeccably designed and thoughtfully executed, these

Supplements: living spaces offer both style and functionality. With reliable, long-term tenants already in place, generating an impressive annual rent roll of $99,600, this property promises an immediate return on investment. Simply sit back, relax, and watch your wealth grow with each passing month.But the appeal doesn't end there. Positioned within a single-family zone (R-4), yet boasting a certificate of non-conformity, this property offers unparalleled versatility. Imagine the potential to revert to a single-family estate, echoing the charm of neighboring homes and unlocking even greater value. Don't miss this rare opportunity to secure a lucrative investment property with the flexibility to adapt to your future needs. Whether you're seeking steady rental income or envisioning your dream family home, this property offers endless possibilities. Seize the moment and make your mark on the vibrant Long Branch community today!

More Information MLS# 22411188

Contract Info

Status: Active List Date: 2024-04-24 List Price: $1,675,000 Current Price: $1,675,000 List Price/SqFt: 374.97 Property Sub-Type: Three Family

Location

House Number: 442 Street Name: Westwood 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 High School: Long Branch Directions: Use GPS

General Property Info

# Units in Bldg: 3 Bedrooms: 6 Full Baths: 3 Total Baths: 3 # Levels: 3 Apx SqFt: 4467 Apx Year Built: 1910 Fireplace: No # Acres: 0.69 Garage: Yes # Car Garage: 1 Pool: No Waterfront: No Waterview: No

Tax and Legal

Asmnt - Total: 830700 Deed Restricted: No Taxes: 12513 Tax Year: 2023

Remarks & Misc

Excluded: Tenants Personal Items

Unit 1

# Bedrooms: 3 # Full Baths: 1 Rent: 3500

Unit 2

# Bedrooms: 2 # Full Baths: 1 Rent: 2600

Unit 3

# Bedrooms: 1 # Full Baths: 1 Rent: 1800

Unit 4

Other Room Desc: Garage Rent: 400

Property Features

Basement: Other Cooling: Other Heating: Forced Air Water Heater: Natural Gas Water/Sewer: Public Sewer; Public Water Assessment Status: To Be Assessed Showing: Showing Time
Listing Office: Coldwell Banker Realty
Listing Agent: Vincent Hennessey
Last Updated: May - 06 - 2024
442 Westwood Avenue, Long Branch, NJ 07740- MLS# 22411188
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.

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