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55 Matilda Terrace, Long Branch, NJ 07740

$1,850,000

55 Matilda Terrace 7 family Victorian style home with separate back 2 car garage with an upstairs apartment

Garage with upper deck partial ocean views

Front porch with main entrance and 2 separate entrances to apartments

Front porch with separate entrances to 2 apartments

Magnificent woodwork in ceilings of vestibule

Center hallway include entrance to 3 Bedr unit on main floor and upstairs 3 apartments

Front porch view to Matilda Terrace street

Open peninsula kitchen and eating area in 3 Bedr apartment

Hot water and separate heating for garage upstairs apartment

Gas heating for all 6 units in main house

Basement bathroom w shower for after the beach

Upstairs 2 bedroom apartment kitchen area

Walk one block to the beach and boardwalk, steps to pier villages

Property Type: Multi-Family Bedrooms: 12 Baths: 7 Square Footage: 7,030 Lot Size (sq. ft.): 18,731 Status: Closed

Current Price: $1,850,000 List Date: 9/21/2023 Last Modified: 2/17/2025

Overview

Description

UNDER CONTRACT SELLERS WILL ENTERTAIN BACK UPM OFFERS! 7 FAMILY MAGNIFICENT OLD VICTORIAN HOME BUILT IN THE 1880'S! WELL KEPT IN PRISTINE CONDITION! MAGNIFICANT FRONT PORCH, BEAUTIFULL ORIGONAL WOODWOOKING IN THE MAIN VESTIBULE GRAND ENTERANCE! SOLD AS IS ALL CASH CONTRACT'S ONLY!!! PROOF OF FUNDS REQUIRED! ALL UNITS EXCEPT THE 3 BEDROOM UNIT OF WHICH WAS OWNER OCCUPIED UNTIL RECENTLY ARE RENTED WITH LONG TERM TENANTS , NO LEASES IN PLACE! 6 APARTMENTS IN THE MAIN HOME, ONE SEPERATE DETACHED 2 CAR GARAGE WITH A 2 BEDR UPSTAIRS APARTMENT WITH DECK PARTIAL OCEAN VIEWS , zoned 2 R-6 Townhouse/Professional Office ! Land area 19,095, building area 7030 Basement area 2000

Listing Details MLS# 22326388

Contract Info

List Price/SqFt: 341.39
Property Sub-Type: Multiple Buildings
New Construction: No

Location

House Number: 55
Street Name: Matilda
Street Suffix: Terrace
County: Monmouth
Municipality: Long Branch (LON)
Postal City: Long Branch
State: NJ
Zip Code: 07740
Area/Section: West End
Complex/Subdivision: None
Middle School: Long Branch
Directions: GPS - take cedar avenue left onto to ocean ave left onto Matilda Terrace to # 55 DO NOT WALK PROPERTY WITHOUT AN APPOINTMENT! NEED 24/48 HOUR NOTICE! HOUSE HAS ALARMS! CALL LISTING AGENT TO SET TIME WITH THE TENANTS!

General Property Info

# Units in Bldg: 7
Full Baths: 7
Total Baths: 7
# Levels: 2.5
Apx SqFt: 7030
Apx Year Built: 1885
Handicap Access: No
# Acres: 0.43
Lot Dimensions: 110 x 171
Garage: Yes
# Car Garage: 2
Pool: No
Waterfront: No
Waterview: No
Basement: Yes

Tax and Legal

Asmnt - Total: 638400
Deed Restricted: No
Taxes: 10475
Tax Year: 2022

Status Change Info

Under Contract Date: 2023-10-03
Sold Date: 2023-10-24

Unit 1

# Bedrooms: 3
Bedroom Level: Yes
# Full Baths: Yes
Kitchen Level: Yes
Living Room Level: Yes
AC Unit: Yes
Gas Stove: Yes
Refrigerator: Yes

More Information

Unit 2

# Bedrooms: 2
AC Unit: Yes
Gas Stove: Yes
Refrigerator: Yes

Unit 4

# Bedrooms - Unit 4: Yes
AC Unit: Yes

Unit 5

# Bedrooms: Yes
AC Unit: Yes

Unit 6

# Bedrooms: Yes
AC Unit: Yes

Unit 7

# Bedrooms: 2
AC Unit: Yes

Remarks & Misc

Excluded: PERSONAL PROPERTY

Unit 3

AC Unit: Yes
Refrigerator: Yes

Income & Expenses

Electric Expense: 3984
Gas Expense: 5284
Insurance Expense: 8461
Rep/Maint Expense: 12234
RE Tax Expense: 9940
Water/Sewer Expense: 2520
Other Expense: 1925
Other Expense Desc: 2035
Estimated Total Expenses: 46473
Net Income: 120630

Interior

Atrium: Yes
Center Hall: Yes
Great Rooms: Yes

Zoning

Multi-Family: Yes
Residential: Yes

Showing

Call Agent: Yes
Showing Time: Yes

Lot Description

Fenced Area: Yes
Level: Yes

Water/Sewer

Public Sewer: Yes

Floors

Wood: Yes

Basement

Full: Yes

Cooling

Multi Units: Yes

Water Heater

Tank: Yes

Heating

Natural Gas: Yes
Steam: Yes

Exterior

Awnings(s): Yes
Deck: Yes

Parking

Double Wide: Yes
On Street: Yes
Open: Yes
None: Yes
Other: Yes

Garage

Apt Above Garage: Yes
Detached: Yes
Direct Access: Yes
Heated Garage: Yes

Assessment Status

To Be Assessed: Yes

Siding

Cedar Shake: Yes
Shingle Siding: Yes

Landlord Pays

Electricity: Yes
Gas: Yes
Heat: Yes
Hot Water: Yes
Sewer: Yes
Water: Yes

Tenant Pays

Grounds Care: Yes
Snow Removal: Yes

Property Features

Unit 1: AC Unit; Gas Stove; Refrigerator Unit 2: AC Unit; Gas Stove; Refrigerator Unit 3: AC Unit; Refrigerator Unit 4: AC Unit Unit 5: AC Unit Unit 6: AC Unit Unit 7: AC Unit Interior: Atrium; Center Hall; Great Rooms Basement: Full Floors: Wood Cooling: Multi Units Heating: Natural Gas; Steam Water Heater: Tank Exterior: Awnings(s); Deck Siding: Cedar Shake; Shingle Siding Garage: Apt Above Garage; Detached; Direct Access; Heated Garage Parking: Double Wide; On Street; Open; None; Other Zoning: Multi-Family; Residential Lot Description: Fenced Area; Level Assessment Status: To Be Assessed Landlord Pays: Electricity; Gas; Heat; Hot Water; Sewer; Water Tenant Pays: Grounds Care; Snow Removal Showing: Call Agent; Showing Time

Listing Office: G & G Agency Inc

Listing Agent: Milo Sutton

Last Updated: February - 17 - 2025

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.