NOT LISTED FOR SALE

35-39 2nd Ave Long Branch, NJ 07740

19 Beds
13 Baths
7,782 Sq Ft
12,197 Sq Ft Lot

Last Sold October 29, 2024

Last sale price $2,860,000 $368 Per Sq Ft

57 Days on Market

About This Home

As of October 2024

Welcome to your prime investment opportunity in Long Branch! This 12-family property, just blocks from the beach, offers a lucrative income stream in a booming neighborhood bursting with potential. Boasting 19 bedrooms in total, this income-producing gem promises not only a steady cash flow but also the prospect of future appreciation. Seize the chance to capitalize on the growing appeal of this coastal community, where sun, sand, and smart investments converge. Don't miss out on this golden opportunity to ride the wave of success in Long Branch's flourishing real estate market.

Last Agent to Sell the Property

Michael Mizrahi

Weichert Realtors Brokerage Phone: 732-539-8801 License #2076694 Listed on: 07/08/2024

Weichert Realtors

Last Buyer's Agent

Michael Mizrahi

Weichert Realtors Brokerage Phone: 732-539-8801 License #2076694 Listed on: 07/08/2024

Weichert Realtors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,180

Year Built

  • Built in 1910

Lot Details

  • 12,197 Sq Ft Lot
  • Lot Dimensions are 88 x 137

Interior Spaces

  • 7,782 Sq Ft Home
  • 2-Story Property
  • Basement
  • Crawl Space

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 13 Full Bathrooms

Parking

  • 12 Parking Spaces
  • Paved Parking

Schools

  • Long Branch Middle School

Utilities

  • Cooling Available
  • Baseboard Heating
  • Natural Gas Water Heater

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for yard maintenance, water, snow removal, sewer
  • Assessor Parcel Number 27-00287-0000-00008

Community Details

Overview

  • 12 Units

Building Details

  • Fuel Expense $101
  • Insurance Expense $14,975
  • Water Sewer Expense $15,405

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,180

Year Built

Built in 1910

Lot Details

0.28 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multiple Buildings
  • Attribution Contact: 732-539-8801
  • Subdivision Name: None
  • Year Built: 1910
  • Contract Info List PriceSqFt: 424.06
  • 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: 88 x 137
  • Location Middle School: Long Branch
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info # Parking Spaces: 12.0
  • Income Expenses Insurance Expense: 14975.0
  • Income Expenses WaterSewer Expense: 15405.0
  • Income Expenses Gas Expense: 101.0
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: Yes
  • Full Bathrooms: 13
  • Total Bedrooms: 19
  • Stories: 2
  • Basement:Crawl Space: Yes

Exterior Features

  • Acres: 0.28
  • Waterfront: No

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Paved
  • Total Parking Spaces: 12.0
  • General Property Info:Garage: No
  • Parking:Paved2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Baseboard
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Baseboard: Yes
  • Heating:Electric: Yes

Fee Information

  • Annual Water Sewer Expense: 15405.0

Schools

  • Middle Or Junior School: Long Branch

Lot Info

  • Lot Dimensions: 88 x 137
  • Lot Size Sq Ft: 12196.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-00287-0000-00008
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

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

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 19180.0
  • Tax Other Annual Assessment Amount: 1490600.0

Multi Family

  • Number Of Units Total: 12
  • Insurance Expense: 14975.0
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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
10/29/2024 10/29/24 Sold $2,860,000 -13.3% $368 / Sq Ft
09/03/2024 09/03/24 Pending -- -- --
07/08/2024 07/08/24 For Sale $3,300,000 -- $424 / Sq Ft
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 $22,911 $1,733,300 $943,700 $789,600
2024 $19,180 $1,490,600 $913,700 $576,900
2023 $19,180 $1,235,000 $688,000 $547,000
2022 $22,291 $1,126,300 $688,000 $438,300
2021 $22,291 $1,114,000 $688,000 $426,000
2020 $22,284 $1,066,200 $688,000 $378,200
2019 $21,524 $1,024,000 $688,000 $336,000
2018 $21,060 $996,200 $688,000 $308,200
2017 $20,138 $977,100 $672,000 $305,100
2016 $19,020 $941,100 $640,000 $301,100
2015 $13,282 $596,400 $420,000 $176,400
2014 $12,391 $586,400 $420,000 $166,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22419155

MOREMLS (Monmouth Ocean Regional REALTORS®)
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