35-39 2nd Avenue, Long Branch, NJ 07740

$2,860,000
Property Type: Multi-Family Bedrooms: 19 Baths: 13 Square Footage: 7,782 Lot Size (sq. ft.): 12,197 Status: Closed
Current Price: $2,860,000 List Date: 7/08/2024 Last Modified: 2/20/2025

Overview

Description

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.

Listing Details MLS# 22419155

Contract Info

List Price/SqFt
424.06
Property Sub-Type
Multiple Buildings

Location

House Number
35-39
Street Name
2nd
Street Suffix
Avenue
County
Monmouth
Municipality
Long Branch (LON)
Postal City
Long Branch
State
NJ
Zip Code
07740
Area/Section
None
Complex/Subdivision
None
Middle School
Long Branch
Directions
35-39 Second Ave, Long Branch in GPS

General Property Info

# Units in Bldg
12
Full Baths
13
Total Baths
13
# Levels
2
Apx SqFt
7782
Apx Year Built
1910
Fireplace
No
# Acres
0.28
Lot Dimensions
88 x 137
# Parking Spaces
12
Garage
No
Pool
No
Waterfront
No
Waterview
No
Basement
Yes
# Car Garage
0

Tax and Legal

Asmnt - Total
1490600
Deed Restricted
No
Taxes
19180
Tax Year
2023

Status Change Info

Under Contract Date
2024-09-03
Sold Date
2024-10-29

Unit 1

# Bedrooms
Yes
# Full Baths
Yes

More Information

Unit 2

# Bedrooms
2
# Full Baths
Yes

Unit 3

# Bedrooms
2
# Full Baths
Yes

Unit 4

# Bedrooms - Unit 4
3
# Full Baths - Unit 4
Yes

Unit 5

# Bedrooms
Yes
# Full Baths
Yes

Unit 6

# Bedrooms
Yes
# Full Baths
Yes

Unit 7

# Bedrooms
Yes
# Full Baths
Yes

Unit 8

# Bedrooms
Yes
# Full Baths
Yes

Unit 9

# Bedrooms
Yes
# Full Baths
Yes

Unit 10

# Full Baths
Yes

Income & Expenses

Gas Expense
101
Insurance Expense
14975
Water/Sewer Expense
15405

Zoning

Residential
Yes

Showing

Showing Time
Yes

Water/Sewer

Public Sewer
Yes
Public Water
Yes

Basement

Crawl Space
Yes

Cooling

Other
Yes

Water Heater

Natural Gas
Yes

Heating

Baseboard
Yes
Electric
Yes

Parking

Paved
Yes

Assessment Status

To Be Assessed
Yes

Landlord Pays

Grounds Care
Yes
Sewer
Yes
Snow Removal
Yes
Water
Yes

Tenant Pays

Electricity
Yes
Gas
Yes

Property Features

Basement: Crawl Space Cooling: Other Heating: Baseboard; Electric Water Heater: Natural Gas Parking: Paved Zoning: Residential Assessment Status: To Be Assessed Landlord Pays: Grounds Care; Sewer; Snow Removal; Water Tenant Pays: Electricity; Gas Showing: Showing Time
Listing Office: Weichert Realtors
Listing Agent: Michael Mizrahi
IDX
Last Updated: February - 20 - 2025
Broker Attribution: 732-539-8801

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.