$2,860,000
SOLD OCT 29, 2024

35-39 2nd Ave Long Branch, NJ 07740

19 Beds
13 Baths
7,782 Sq Ft
0.28 Acres

Recently Sold

$368 Per Sq Ft

13% Below List Price

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

  • 0.28 Acre 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

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multiple Buildings
  • Attribution Contact: 732-539-8801
  • Subdivision Name: None
  • Year Built: 1910
  • 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

Range of Values:

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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 Change Sq Ft Price
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michael Mizrahi

    Seller's Agent in 2024

    Michael Mizrahi

    Weichert Realtors

    (732) 539-8801

    10 in this area

    90 Total Sales

    Michael Mizrahi
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22419155

MOREMLS (Monmouth Ocean Regional REALTORS®)
New Jersey Monmouth County Long Branch 07740

35-39 2nd Ave, Long Branch, NJ

This home is located at 35-39 2nd Ave, Long Branch, NJ 07740 and is currently priced at $2,860,000, approximately $367 per square foot. This property was built in 1910. 35-39 2nd Ave is a home located in Monmouth County with nearby schools including Long Branch High School and Holy Trinity School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MOREMLS (Monmouth Ocean Regional REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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