$1,825,000
$1,950,000
6.4%For more information regarding the value of a property, please contact us for a free consultation.
40 Pitman Avenue Ocean Grove, NJ 07756
7,381 SqFt
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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Bought with Coldwell Banker Realty