Ocean Grove, NJ 07756,40 Pitman Avenue
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Ocean Grove, NJ 07756,40 Pitman Avenue
Ocean Grove, NJ 07756,40 Pitman Avenue
Ocean Grove, NJ 07756,40 Pitman Avenue
Ocean Grove, NJ 07756,40 Pitman Avenue

$1,825,000

Est. payment /mo

$1,950,000

6.4%
Est.Price: ?

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40 Pitman Avenue Ocean Grove, NJ 07756

7,381 SqFt

SOLD DATE : 05/26/2021

Key Details

Sold Price $1,825,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 7,381 sqft

Price per Sqft $247

Municipality Neptune Twp (NPT)

MLS Listing ID 22034655

Sold Date 05/26/21

Originating Board MOREMLS (Monmouth Ocean Regional REALTORS®)

Year Built 1870

Annual Tax Amount $19,866

Tax Year 2019

Lot Dimensions 60 X 60

Property Sub-Type Multi-Family

Property Description

16 UNIT APARTMENT BUILDING - First time on the market in over 50 years. Owned/operated by same family since 1960s. This prime, central location in the Historic Downtown District of Ocean Grove has residents and guests with close access to the beach/boardwalk, the Great Auditorium, the charming Downtown, and the footbridge to Asbury Park! This CORNER Property is being offered TURNKEY and is occupied by seasonal and year-round tenants in fully furnished apartments complete with full kitchens and private bathrooms. One (1) two-bedroom, four (4) one-bedrooms and eleven (11) studio apartments. A common lobby, all season front porch and shared courtyard are available for all to enjoy. Listing agent is the seller and NJ licensed realtor Photos include a sampling of apartments. Please review preliminary information available via Documents tab.

UNDERGROUND OIL TANK removed 2019, New pitched ROOF September 2020, Five (5) year STATE FIRE INSPECTION completed in 2018.

Location

State NJ

County Monmouth

Area Ocean Grove

Direction Main Avenue Ocean Grove EAST toward Beach. Turn left (North) at Central Avenue and continue for 2 short blocks. Turn right onto Pitman Ave and the Allenhurst Apartments will be immediately on your right.

Rooms

Basement Partial

Interior

Heating Hot Water

Cooling Window Unit(s), Other

Fireplaces Number 1970

Exterior

Parking Features On Street

Amenities Available Common Area

Roof Type Shingle,Flat

Private Pool No

Building

Lot Description Corner Lot

Sewer Public Sewer

Water Well, Public

Others

Senior Community No

Tax ID 35-00147-0000-00002

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Monmouth Ocean MLS (MOMLS)
Listed by RE/MAX Gateway
Bought with Coldwell Banker Realty
agent

Tom Crooks

Broker Associate | License ID: 1754871

+1(646) 983-4776

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