NOT LISTED FOR SALE

189 Garfield Ave Long Branch, NJ 07740

5 Beds
5 Baths
-- Sq Ft
-- Built

Sale Details

Date Sold: October 20, 2022

Last sale price $1,162,500

32 Days on Market

Highlights

  • Wood Flooring
  • Storm Windows
  • Landscaped with Trees
  • Thermal Windows
  • Cooling Available
  • Level Lot

About This Home

As of October 2022

Ideal Location. 5 Family located 3.5 blocks to Pier Village, beach + boardwalk. Long term mo to mo tenants paying below market rents leaving tremendous upside + potential for new buyer. Tenants pay their own heat, electric + cooking gas. Landlord pays water/sewer, hot water gas + common area electric. Seller will provide 5 CO's, Fire Alarm Certification, Lead Hazard Free Certificate, Well Decommissioned Approval + Five Year Approved State Inspection at closing of title. Property to be sold in the ''as is'' condition. So much potential in this hot area with new development sites being built. Ideal location with restaurants, shopping, transportation + Broadway all a stones throw away.

Last Agent to Sell the Property

Frank Camassa

Camassa Agency Inc License #8132820 Listed on: 04/04/2022

Last Buyer's Agent

Laura Castrillon

Keller Williams Realty Spring Lake License #1645299

Keller Williams Realty Spring Lake

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,323

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Thermal Windows
  • Window Screens
  • Stove

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Basement Storage

Home Security

  • Storm Windows
  • Storm Doors

Parking

  • No Garage
  • On-Street Parking

Outdoor Features

  • Exterior Lighting

Lot Details

  • Lot Dimensions are 54 x 187
  • Level Lot
  • Landscaped with Trees

Schools

  • Long Branch Middle School
  • Long Branch High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters
  • Natural Gas Water Heater

Listing and Financial Details

  • Exclusions: Tenants personal property - Window A/C units
  • Tenant pays for heat, gas, electricity
  • The owner pays for hot water, yard maintenance, water, snow removal, sewer, gas, electricity
  • Assessor Parcel Number 27-00280-0000-00007

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $320
  • Fuel Expense $804
  • Insurance Expense $5,220
  • Water Sewer Expense $3,730
  • Gross Income $68,640
  • Net Operating Income $47,543

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,323

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Five Family
  • ResoLotFeatures: Level, Treed Lots
  • Subdivision Name: None
  • Reso Flooring: Wood, Laminate, Ceramic Tile
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 54 x 187
  • Location Middle School: Long Branch
  • Roof Shingled: Yes
  • Lot Description Treed Lots: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • Exterior Storm Window: Yes
  • Exterior Thermal Window: Yes
  • Garage None4: Yes
  • Exterior Storm Door(s): Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Furnace2: Yes
  • Unit 1 Furnace: Yes
  • Floors Laminate2: Yes
  • Income Expenses Electric Expense: 320.0
  • Income Expenses Insurance Expense: 5220.0
  • Income Expenses WaterSewer Expense: 3730.0
  • Income Expenses Gross Income2: 68640.0
  • Income Expenses Net Income: 47543.0
  • Unit 1 Gas Stove: Yes
  • Unit 3 Furnace3: Yes
  • Unit 3 Gas Stove3: Yes
  • Exterior Screens2: Yes
  • Basement Tenant Storage: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 5 Gas Stove9: Yes
  • Income Expenses Gas Expense: 804.0
  • Unit 5 Furnace9: Yes
  • Special Features: None

Interior Features

  • Basement: Walk-Out Access, Full, Tenant Storage
  • Basement: Yes
  • Full Bathrooms: 5
  • Total Bedrooms: 5
  • Stories: 3
  • Full Basement: Yes
  • Basement:Walk-Out Access: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Exclusions: Tenants personal property - Window A/C units
  • Exterior Features: Storm Door(s), Storm Window, Thermal Window, Screens, Lighting
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: On Street, None
  • General Property Info:Garage: No
  • Parking:On Street: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Fee Information

  • Annual Water Sewer Expense: 3730.0

Schools

  • Middle Or Junior School: Long Branch

Lot Info

  • Lot Dimensions: 54 x 187
  • Parcel #: 27-00280-0000-00007

Rental Info

  • Tenant Pays: Heat, Gas, Electricity
  • Owner Pays: Hot Water, Yard Maintenance, Water, Snow Removal, Sewer, Gas, Electricity

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 9323.0
  • Tax Other Annual Assessment Amount: 465900.0

Multi Family

  • Number Of Units Total: 5
  • Electric Expense: 320.0
  • Annual Gross Income: 68640.0
  • Insurance Expense: 5220.0

MLS Schools

  • High School: Long Branch
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/20/2022 10/20/22 Sold $1,162,500 -2.7% --
05/06/2022 05/06/22 Pending -- -- --
04/04/2022 04/04/22 For Sale $1,195,000 -- --
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,941 $1,060,000 $246,100 $813,900
2024 $8,371 $646,800 $216,100 $430,700
2023 $8,371 $539,000 $176,100 $362,900
2022 $9,323 $487,400 $141,100 $346,300
2021 $9,323 $465,900 $122,100 $343,800
2020 $9,474 $453,300 $121,100 $332,200
2019 $9,154 $435,500 $111,100 $324,400
2018 $8,968 $424,200 $103,100 $321,100
2017 $8,495 $412,200 $91,100 $321,100
2016 $8,432 $417,200 $96,100 $321,100
2015 $8,890 $399,200 $98,800 $300,400
2014 $7,972 $377,300 $110,700 $266,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22209473

MOREMLS (Monmouth Ocean Regional REALTORS®)
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