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$ 2,500,000
Est. payment /mo
New
497 Marvin Drive Long Branch, NJ 07740
14 Beds
6 Baths
0.4 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Five Family
Listing Status Active
Purchase Type For Sale
Municipality Long Branch (LON)
MLS Listing ID 22518185
Bedrooms 14
Full Baths 6
Year Built 1920
Annual Tax Amount $13,001
Tax Year 2024
Lot Size 0.400 Acres
Acres 0.4
Lot Dimensions 140 x 125
Property Sub-Type Five Family
Source MOREMLS (Monmouth Ocean Regional REALTORS®)
Property Description
Legal Five-Family Home in Prime Residential Neighborhood. Don't miss this rare opportunity to own a legal five-family property situated in a highly desirable area. Located near Monmouth University, houses of worship, and just minutes from the vibrant West End shopping district, this property offers exceptional potential for investors and owner-occupants alike. The lot spans an impressive 140 x 125 feet, providing ample outdoor space and future development possibilities. Recent improvements include a new concrete patio near the parking area, enhancing both functionality and curb appeal.
One of the units (#4) has been recently updated. All tenants are currently on a month-to-month. The current rental income is below market value, presenting a significant opportunity for increased returns.
One of the units (#4) has been recently updated. All tenants are currently on a month-to-month. The current rental income is below market value, presenting a significant opportunity for increased returns.
Location
State NJ
County Monmouth
Area None
Direction Cedar Ave, north onto Marvin Drive.
Rooms
Basement Full
Interior
Cooling Other
Flooring Laminate, Ceramic Tile
Exterior
Private Pool No
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
Middle Schools Long Branch
Others
Senior Community No
Tax ID 27-00102-0000-00011
Listed by Sonya Grill Real Estate