NOT LISTED FOR SALE

57 2nd Ave Long Branch, NJ 07740

12 Beds
7 Baths
4,900 Sq Ft
1909 Built

Sale Details

Date Sold: July 16, 2014

Last sale price $545,000 $111 Per Sq Ft

70 Days on Market

Highlights

  • Wood Flooring
  • Screened Porch
  • Thermal Windows
  • Attic
  • 2 Car Detached Garage
  • Patio

About This Home

As of July 2014

This interesting 6 family home with finished basement is what you have been looking for. Located in desirable Long Branch, only a few short steps to Pier Village and the wonderful shops, dining and well-known boardwalk. A good investment property that affords you the possibility of using a unit to summer at the Jersey Shore while collecting income all year-round.

Last Agent to Sell the Property

Vito Muolo

A Mancini Realty License #8335506 Listed on: 04/01/2014

Last Buyer's Agent

Vito Muolo

A Mancini Realty License #8335506 Listed on: 04/01/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,893

Year Built

  • Built in 1909

Home Design

  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 4,900 Sq Ft Home
  • 3-Story Property
  • Thermal Windows
  • Window Screens
  • Screened Porch
  • Stove
  • Attic

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 7 Bathrooms

Basement

  • Heated Basement
  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Partial Basement

Parking

  • 2 Car Detached Garage
  • Common or Shared Parking
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Patio
  • Exterior Lighting
  • Shed

Lot Details

  • Lot Dimensions are 50x163
  • Fenced
  • Level Lot

Schools

  • Anastasia Elementary School
  • Long Branch Middle School
  • Long Branch High School

Utilities

  • Radiator
  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for hot water, yard maintenance, water, sewer, heat, electricity
  • Assessor Parcel Number 00287000000013

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $3,900
  • Fuel Expense $3,200
  • Insurance Expense $5,000
  • Maintenance Expense $10,000
  • Water Sewer Expense $4,500
  • Gross Income $72,600
  • Net Operating Income $34,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,893

Year Built

Built in 1909

Listing Details

  • Property Type: Residential Income
  • ResoLotFeatures: Fenced Area, Level
  • Income And Expenses Maintenance Expense: 10000.0
  • Subdivision Name: None
  • Reso Flooring: Wood, Ceramic Tile
  • Reso Interior Features: Attic
  • New Construction: No
  • Year Built: 1909
  • Contract Info List PriceSqFt: 112.24
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Lot Dimensions: 50X163
  • Location Middle School: Long Branch
  • Roof Shingled: Yes
  • Lot Description Fenced Area: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • SidingAluminum: Yes
  • General Property Info Handicap Access: No
  • Interior Attic: Yes
  • Exterior Thermal Window: Yes
  • Basement Heated: Yes
  • Exterior Porch - Screened: Yes
  • General Property Info # Parking Spaces: 2.0
  • Exterior Shed3: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Water Heater: Yes
  • Unit 1 Furnace: Yes
  • Income Expenses Electric Expense: 3900.0
  • Income Expenses Insurance Expense: 5000.0
  • Income Expenses WaterSewer Expense: 4500.0
  • Income Expenses Gross Income2: 72600.0
  • Income Expenses Net Income: 34100.0
  • Unit 1 Gas Stove: Yes
  • Unit 3 Gas Stove3: Yes
  • Unit 4 Gas Stove10: Yes
  • Exterior Screens2: Yes
  • Unit 1 Water Meter3: Yes
  • Unit 2 Gas Stove2: Yes
  • Income Expenses Gas Expense: 3200.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Walk-Out Access, Full, Heated, Partial
  • Basement: Yes
  • Total Bedrooms: 12
  • Stories: 3
  • Full Basement: Yes
  • Basement:Walk-Out Access: Yes
  • Basement:Partial: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Construction Type: Aluminum Siding
  • Exterior Features: Patio, Porch - Screened, Thermal Window, Screens, Lighting

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Parking Features: Paved, Common, Off Street, On Street, Detached
  • Total Parking Spaces: 2.0
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking:On Street: Yes
  • Parking Features:Garage Detached: Yes
  • GarageParking:Common: Yes
  • Parking:Paved2: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Radiator
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Fee Information

  • Annual Water Sewer Expense: 4500.0

Schools

  • Middle Or Junior School: Long Branch

Lot Info

  • Lot Dimensions: 50X163
  • Parcel #: 00287000000013
  • Zoning Description: Non-Conforming

Rental Info

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

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 6893.0
  • Tax Other Annual Assessment Amount: 337400.0

Multi Family

  • Number Of Units Total: 6
  • Electric Expense: 3900.0
  • Annual Gross Income: 72600.0
  • Insurance Expense: 5000.0

MLS Schools

  • Elementary School: Anastasia
  • 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
07/16/2014 07/16/14 Sold $545,000 -- $111 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21412078

MOREMLS (Monmouth Ocean Regional REALTORS®)
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