NOT LISTED FOR SALE

608 7th Ave Asbury Park, NJ 07712

9 Beds
5 Baths
3,568 Sq Ft
7,405 Sq Ft Lot

Last Sold June 16, 2023

Last sale price $945,000 $265 Per Sq Ft

148 Days on Market

Highlights

  • Multiple cooling system units
  • Shed
  • Hot Water Heating System

About This Home

As of June 2023

Gem of a property on a lovely block in North Asbury Park. This is a legal 5 family property with 3 units in the main house and an additional 2 units in the back house. Leave as is for a cash flowing rental or renovate to suit your needs. Possibilities are endless. Current rent amounts are far below market value due to some incredibly long term, paying tenants.

Last Agent to Sell the Property

David Wilson

Weichert Realtors Brokerage Email: davidzwilsonrealtor@gmail.com License #1752940 Listed on: 11/29/2022

Weichert Realtors

Last Buyer's Agent

Stacy Molinari-Stefani

Burke&Manna Real Estate Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50 x 150

Home Design

  • Shingle Roof

Interior Spaces

  • 3,568 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Basement Storage

Parking

  • No Garage
  • On-Street Parking
  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Shed

Utilities

  • Multiple cooling system units
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Natural Gas Water Heater

Listing and Financial Details

  • Exclusions: Tenants' personal possessions.
  • Tenant pays for hot water, electricity
  • The owner pays for hot water, yard maintenance, water, snow removal, sewer, heat, gas, garbage removal
  • Assessor Parcel Number 04-03007-0000-00004

Community Details

Overview

  • 5 Units

Building Details

  • Gross Income $70,992
  • Net Operating Income $54,447

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Five Family
  • Attribution Contact: davidzwilsonrealtor@gmail.com
  • Subdivision Name: None
  • Reso Interior Features: Fire Sprinkler
  • New Construction: No
  • Year Built: 1920
  • 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
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Garage None4: Yes
  • Water Heater Tank: Yes
  • Cooling Multi Units: Yes
  • Exterior Shed3: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 2 Electric Meter2: Yes
  • Income Expenses Gross Income2: 70992.0
  • Income Expenses Net Income: 54447.0
  • Basement Tenant Storage: Yes
  • Basement Shared Storage3: Yes
  • Unit 5 Other Room Desc10: Bonus room with loft
  • Special Features: None

Interior Features

  • Basement: Walk-Out Access, Full, Tenant Storage, Shared Storage
  • Basement: Yes
  • Full Bathrooms: 5
  • Total Bedrooms: 9
  • Stories: 3
  • Full Basement: Yes
  • Basement:Walk-Out Access: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.17
  • Waterfront: No
  • Exclusions: Tenants' personal possessions.

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Off Street, On Street, None, Assigned
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes
  • Parking:On Street: Yes
  • Parking:Assigned2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Hot Water2: Yes

Lot Info

  • Lot Dimensions: 50 x 150
  • Lot Size Sq Ft: 7405.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 04-03007-0000-00004
  • Zoning Description: Residential, Neighborhood, Multi-Family
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 70992.0

Tax Info

  • Tax Other Annual Assessment Amount: 348900.0

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 Change Sq Ft Price
06/16/2023 06/16/23 Sold $945,000 -5.4% $265 / Sq Ft
06/05/2023 06/05/23 For Sale $999,000 0.0% $280 / Sq Ft
04/27/2023 04/27/23 Pending -- -- --
11/29/2022 11/29/22 For Sale $999,000 -- $280 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • David Wilson

    Seller's Agent in 2023

    David Wilson

    Weichert Realtors

    (732) 865-5229

    7 in this area

    27 Total Sales

    David Wilson
    Section Image

  • S

    Buyer's Agent in 2023

    Stacy Molinari-Stefani

    Burke&Manna Real Estate Agency

  • S

    Buyer's Agent in 2023

    Stacy Stefani

    Weichert Realtors-Ocean

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22236289

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 04 00202-0000-00015

New Jersey Monmouth County Asbury Park 07712

608 7th Ave, Asbury Park, NJ

This home is located at 608 7th Ave, Asbury Park, NJ 07712 since 29 November 2022. This property was built in 1920. 608 7th Ave is a home located in Monmouth County with nearby schools including Asbury Park High School, Hope Academy Charter School, and St. Mary of the Assumption 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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