608 7th Avenue, Asbury Park, NJ 07712
$999,000
Property Type:
Multi-Family
Bedrooms:
9
Baths:
5
Square Footage:
3,568
Lot Size (sq. ft.):
7,405
Status:
Closed
Current Price:
$945,000
List Date:
11/29/2022
Last Modified:
7/04/2023
Description
Gem of a property on a lovely block in North Asbury Park. This is a legal 5 family property with 3 units in the main house and an additional 2 units in the back house. Leave as is for a cash flowing rental or renovate to suit your needs. Possibilities are endless. Current rent amounts are far below market value due to some incredibly long term, paying tenants.
More Information MLS# 22236289
Contract Info
Status: Closed
List Date: 2022-11-29
Sold Price: $945,000
Current Price: $945,000
List Price/SqFt: 279.99
Property Sub-Type: Five Family
New Construction: No
Location
House Number: 608
Street Name: 7th
Street Suffix: Avenue
County: Monmouth
Municipality: Asbury Park (ASB)
Postal City: Asbury Park
State: NJ
Zip Code: 07712
Area/Section: NE Asbury Pk
Complex/Subdivision: None
Directions: Main to 7th. House is on right.
General Property Info
# Units in Bldg: 5
Bedrooms: 9
Full Baths: 5
Total Baths: 5
# Levels: 3
Apx SqFt: 3568
Grandfathered: Y
Apx Year Built: 1920
Handicap Access: No
# Acres: 0.17
Lot Dimensions: 50 x 150
Garage: No
Pool: No
Waterfront: No
Waterview: No
Tax and Legal
Asmnt - Total: 348900
Deed Restricted: No
Special Assessment: No
Remarks & Misc
Excluded: Tenants' personal possessions.
Status Change Info
Under Contract Date: 2023-04-17
Sold Date: 2023-06-16
Sold Price: $945,000
Unit 1
# Bedrooms: 3
Bedroom Level: 1
# Full Baths: 1
Rent: 1100
Unit 2
# Bedrooms: 2
Bedroom Level: 2
# Full Baths: 1
Rent: 1050
Unit 3
# Bedrooms: 1
Bedroom Level: 3
# Full Baths: 1
Rent: 882
Unit 4
# Bedrooms - Unit 4: 1
Bedroom Level: 1
# Full Baths - Unit 4: 1
Rent: 1384
Unit 5
# Bedrooms: 1
Bedroom Level: 1
# Full Baths: 1
Other Room Desc: Bonus room with loft
Rent: 1500
Income & Expenses
RE Tax Expense: 9998
Other Expense: 6547
Gross Income: 70992
Net Income: 54447
Financials Per: Year
Property Features
Unit 1: Electric Meter
Unit 2: Electric Meter
Unit 3: Electric Meter
Unit 4: Electric Meter
Interior: Fire Sprinkler
Basement: Full; Tenant Storage; Walk-Out Access; Shared Storage
Cooling: Multi Units
Heating: Hot Water; Natural Gas
Water Heater: Natural Gas; Tank
Water/Sewer: Public Sewer; Public Water
Exterior: Shed
Siding: Other - See Remarks
Roof: Shingled
Garage: None
Parking: Assigned; Off Street; On Street
Zoning: Multi-Family; Neighborhood; Residential
Assessment Status: Assessed
Landlord Pays: Garbage Removal; Gas; Heat; Hot Water; Sewer; Snow Removal; Water; Yard Maintenance
Tenant Pays: Electricity
Showing: Call Agent; Showing Time
Listing Office: Weichert Realtors
Listing Agent: David Wilson
Last Updated: July - 04 - 2023
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Broker Attribution:
davidzwilsonrealtor@gmail.com
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.