NOT LISTED FOR SALE

404 7th Ave Asbury Park, NJ 07712

-- Bed
-- Bath
5,760 Sq Ft
-- Built

Last Sold June 27, 2018

Last sale price $1,551,000 $269 Per Sq Ft

45 Days on Market

About This Home

As of June 2018

Incredibly rare opportunity to own an amazing landlord-friendly SIX UNIT rental complex in the hottest town at the Jersey Shore. This 5800 +/-square foot property comprises six individual townhouse-style (two story) homes with two bedrooms and a bath, LR, DR, & kitchen PLUS individual basements for each unit WITH W/D hookups! All brick construction, and CENTRAL AIR IN EACH UNIT. Entire complex has an excellent rental history, tenants pay ALL utilities as all units are separately metered. On an excellent block that features new luxury home construction and the acclaimed TIDES HOTEL. Just blocks from Asbury's famed boardwalk, beach, restaurants, concerts, culture and art scene that's made Asbury Park famous worldwide. Just over a mile from the Allenhurst NJTransit station too! Act Fast

Last Agent to Sell the Property

James Whalen

Gloria Nilson & Co. Real Estate Listed on: 03/13/2018

Last Buyer's Agent

Joseph York

Christie's Int'l RE Group License #1756367

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,252

Lot Details

  • Lot Dimensions are 50 x 150

Home Design

  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 5,760 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Parking

  • No Garage
  • On-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 6 Units
  • Gross Income $108,000

Listing and Financial Details

  • Tenant pays for water, heat, gas, electricity
  • The owner pays for yard maintenance, snow removal, sewer
  • Assessor Parcel Number 04-03602-0000-00004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,252

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Six Family
  • Subdivision Name: None
  • Reso Flooring: Wood
  • New Construction: No
  • 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: 50 x 150
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Garage None4: Yes
  • SidingBrick: Yes
  • Income Expenses Gross Income2: 108000.0
  • Special Features: None

Interior Features

  • Basement: Full, Tenant Acc
  • Basement: Yes
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Construction Type: Brick

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Lot Info

  • Lot Dimensions: 50 x 150
  • Parcel #: 04-03602-0000-00004
  • Zoning Description: Multi-Family

Rental Info

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

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 13252.0
  • Tax Other Annual Assessment Amount: 851400.0

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 108000.0

Range of Values:

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Sold Price
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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
06/27/2018 06/27/18 Sold $1,551,000 0.0% $269 / Sq Ft
01/31/2017 01/31/17 Rented $20,400 -- --
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    James Whalen

    BHHS Fox & Roach

  • Joseph York

    Buyer's Agent in 2018

    Joseph York

    Christie's Int'l RE Group

    (848) 207-1495

    45 Total Sales

    Joseph York
    Section Image

  • R

    Seller's Agent in 2017

    Richard Gribble

    John C. Conover Agency

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21805401

MOREMLS (Monmouth Ocean Regional REALTORS®)
New Jersey Monmouth County Asbury Park 07712

404 7th Ave, Asbury Park, NJ

This home is located at 404 7th Ave, Asbury Park, NJ 07712 since 13 March 2018. 404 7th Ave is a home located in Monmouth County with nearby schools including Asbury Park High School, Hope Academy Charter School, and Our Lady of Mount Carmel 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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