NOT LISTED FOR SALE
9 Beds
4 Baths
-- Sq Ft
1900 Built

Sale Details

Date Sold: October 9, 2013

Last sale price $510,000

211 Days on Market

Highlights

  • Garage Apartment
  • Wood Flooring
  • Storm Windows
  • Deck
  • 3 Car Detached Garage
  • Heating System Uses Steam

About This Home

As of October 2013

Finally, an Investment property that really makes sense! Earn over 14% return on your Investment after all expenses and debt service at 5% Interest. A lower interest rate will generate even higher returns. The property consists of 4 units- 1-3 Br. unit and 2-2br. units in the front house+ a 2-br. unit that sits over a 3 car garage. Tenants pay all utilities except water & sewer. ( All info. as per owner)Passed 5 year. Multiple Dwelling insp. last summer as well as Annual Long Branch Fire Ins.

Last Agent to Sell the Property

Linda Kwolek

Coldwell Banker Realty License #8131920 Listed on: 12/11/2012

Last Buyer's Agent

Jon Coletta

Coldwell Banker Riviera Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,454

Year Built

  • Built in 1900

Home Design

  • Quadruplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • Window Screens
  • Basement Fills Entire Space Under The House
  • Pull Down Stairs to Attic
  • Storm Windows
  • Stove
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Wall to Wall Carpet
  • Linoleum

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Bathrooms

Parking

  • 3 Car Detached Garage
  • Garage Apartment

Schools

  • Long Branch Middle School
  • Long Branch High School

Utilities

  • Radiator
  • Heating System Uses Natural Gas
  • Heating System Uses Oil Above Ground
  • Furnace
  • Hot Water Baseboard Heater
  • Heating System Uses Steam
  • Separate Meters
  • Natural Gas Water Heater

Additional Features

  • Deck
  • Lot Dimensions are 49x160

Listing and Financial Details

  • Tenant pays for hot water, heat, gas, garbage removal, electricity
  • The owner pays for water, sewer
  • Assessor Parcel Number 00243000000012

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,931
  • Water Sewer Expense $3,928
  • Gross Income $61,200
  • Net Operating Income $45,937

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,454

Year Built

Built in 1900

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Four Family
  • Subdivision Name: None
  • Reso Flooring: Linoleum/Vinyl, W/W Carpet, Wood
  • Reso Interior Features: Attic - Pull Down Strs
  • New Construction: No
  • Year Built: 1900
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 49X160
  • Location Middle School: Long Branch
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Storm Window: Yes
  • ExteriorDeck: Yes
  • Heating Oil Above Ground: Yes
  • General Property Info # Parking Spaces: 3.0
  • Garage Apt Above Garage: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Furnace2: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Furnace: Yes
  • Unit 1 Washer Hookup3: Yes
  • Income Expenses Insurance Expense: 1931.0
  • Income Expenses WaterSewer Expense: 3928.0
  • Income Expenses Gross Income2: 61200.0
  • Income Expenses Net Income: 45937.0
  • Unit 1 Gas Stove: Yes
  • Unit 1 Dryer Hookup3: Yes
  • Unit 3 Furnace3: Yes
  • Unit 3 Gas Stove3: Yes
  • Unit 4 Furnace10: Yes
  • Unit 4 Water Heater4: Yes
  • Exterior Screens2: Yes
  • Unit 2 Dryer Hookup2: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 3 Dryer Hookup: Yes
  • Unit 3 Washer Hookup: Yes
  • Unit 3 Water Heater3: Yes
  • Interior Attic - Pull Down Strs: Yes
  • Unit 2 Washer Hookup2: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: Full
  • Basement: Yes
  • Total Bedrooms: 9
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Exterior Features: Deck, Storm Window, Screens
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Parking Features: Detached
  • Total Parking Spaces: 3.0
  • General Property Info:Garage: Yes
  • Parking Features:Garage Detached: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Radiator, Oil Above Ground, HWBB
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Steam: Yes

Fee Information

  • Annual Water Sewer Expense: 3928.0

Schools

  • Middle Or Junior School: Long Branch

Lot Info

  • Lot Dimensions: 49X160
  • Parcel #: 00243000000012
  • Zoning Description: Multi-Family

Rental Info

  • Tenant Pays: Hot Water, Heat, Gas, Garbage Removal, Electricity
  • Owner Pays: Water, Sewer

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 7454.0
  • Tax Other Annual Assessment Amount: 395800.0

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 61200.0
  • Insurance Expense: 1931.0

MLS Schools

  • High School: Long Branch
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Home Values in the Area

Source: Public Records

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Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/09/2013 10/09/13 Sold $510,000 -- --
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21240143

MOREMLS (Monmouth Ocean Regional REALTORS®)
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