Address
406 Sixth Avenue, Asbury Park, NJ
Price
$ 1,400,000
Property Attributes
- MLS#22328557
- TypeMulti-Family
- CountyMONMOUTH
- CityAsbury Park
- AreaAsbury Park
- NeighborhoodAsbury Park
- Zip07712
- Style
- Year Built1925
- Taxes$ 11354
- Price$ 1,400,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3977
- Lot Size11,326 SqFt
Data Source:
Monmouth Ocean Regional REALTORS® (MOMLS)
Property Description
ASBURY PARK - 5 FAMILY!!! Exceptional street and sought-after neighborhood, situated just three blocks from the beach! This five-family residence features two one-bedroom units, each offering spacious rooms, along with three two-bedroom units. The property is equipped with separate gas, water, and electric meters, enhancing profitability for the landlord. The two-car garage on the premises also offers income potential, and there's off-street parking for tenants, offering a significant advantage. This represents a fantastic opportunity to become a part of the vibrant and highly desirable Asbury Park community. Don't let this one pass you by! ** Please note that the current rental rates are below the market value - all tenants are month to month. **
| Price History | |
|---|---|
| 10/12/2023 | Listed $1,400,000 |
General Features
| Additional Parcels Y/N | No |
|---|---|
| Attached Garage | No |
| Carport Y/N | No |
| City | Asbury Park |
| Cooling | Multi Units |
| County | Monmouth |
| Days on Market | 44 |
| Directions | Main Street to 6th Ave East - Home is on right. |
| Electric Expense | 480.0 |
| Garage Spaces | 2.0 |
| Garage Y/N | Yes |
| Gross Income | 105600.0 |
| Heating | 3+ Zoned Heat |
| Home Warranty Y/N | No |
| Insurance Expense | 4000.0 |
| Land Lease Y/N | No |
| Lease Considered Y/N | No |
| Lease Renewal Y/N | No |
| Lot Size Square Feet | 11325.6 |
| MLS Area | None |
| MLS Area Minor | Asbury Park (ASB) |
| Mobilehomeremainsyn | No |
| New Construction | No |
| Ownerpays | Sewer |
| Property SubType | Five Family |
| Property Type | Multi-Family |
| Rent Control Y/N | No |
| Sewer | Public Sewer |
| Standard Status | Active |
| Status | Active |
| Stories | 3 |
| Street Name | Sixth |
| Subdivision Name | None |
| Tax Annual Amount | 11354.0 |
| Tax Year | 2022 |
| TaxOtherAnnualAssessmentAmount | 738000.0 |
| Tenant Pays | Water, Heat, Gas, Electricity |
| Total Units | 5 |
| View Y/N | No |
| Water Sewer Expense | 3600.0 |
| Waterfront Y/N | No |
| Year Built | 1925 |
Interior Features
| Air Conditioning Y/N | Yes |
|---|---|
| Basement | Full |
| Electric On Property Y/N | No |
| Full Baths | 5 |
| Heating Y/N | Yes |
| Street Suffix | Avenue |
| Total Baths | 5 |
| Total Bedrooms | 8 |
Exterior Features
| Building Area Total | 3977.0 |
|---|---|
| Crops Included Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
| Lot Dimensions | 75 x 150 |
| Lot Features | Level |
| Lot Size Acres | 0.26 |
| Lot Size Area | 0.26 |
| Lot Size Units | Acres |
| Open Parking Y/N | No |
| Parking Features | Detached |
| Spa | No |
| Total Parking | 2.0 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 07712
Price
Taxes
Visits
Year Built
Walkscore
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2023 and is owned either by the Monmouth County Association of REALTORS; or by the developers of the software, Kunversion, LLC. All rights reserved. Each office independently owned and operated.
The New Jersey Real Estate Commission requires every licensed broker or salesperson with whom you list your property to give you a copy of this notice. The purpose is to help you comply with the New Jersey Law
