35-39 2nd Avenue, Long Branch, NJ 07740 (MLS# 22419155)

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

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.