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Red Bank,NJ 07701
Key Details
Property Type Multi-Family
Sub Type Six Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,631 sqft
Price per Sqft $494
Municipality Red Bank (RED)
MLS Listing ID 22530894
Bedrooms 6
Full Baths 6
Year Built 1900
Annual Tax Amount $13,176
Tax Year 2024
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 63 x 101
Property Sub-Type Six Family
Source MOREMLS (Monmouth Ocean Regional REALTORS®)
Property Description
Capitalize on this rare opportunity to own a 6-family multifamily property in the heart of dynamic Red Bank, NJ. With rents currently below market levels, this property offers substantial potential to increase revenue through strategic rent adjustments, making it an ideal value-add investment.
Nestled in the vibrant Red Bank community, tenants enjoy walkable access to the NJ Transit train station, trendy bars, exceptional restaurants, and the town's lively cultural scene. A significant Netflix Studio development project is poised to elevate Red Bank's allure, further boosting tenant demand and long-term property value.
Don't miss this chance to invest in a high-potential multifamily asset in one of New Jersey's most sought-after markets!
Location
State NJ
County Monmouth
Area None
Direction Take Broad street to Wallace. Property is on the corner of Wallace and Washington Street.
Rooms
Basement Walk-Out Access,Tenant Storage
Interior
Cooling Other
Exterior
Garage Spaces 1.0
Private Pool No
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools Red Bank Prm
Middle Schools Red Bank
High Schools Red Bank Reg
Others
Senior Community No
Tax ID 39-00025-0000-00015
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