53 2nd Avenue

Long Branch, NJ 07740

$1,600,000
Price
11
Beds
3,910 Sq. Ft.
$409 / Sq. Ft.
3,910
Sq. Ft.
$409
per Sq. Ft.

Description

Introducing a lucrative investment opportunity in the heart of Long Branch, NJ - a thriving 5-family income-producing home with substantial upside potential. This well-maintained property features a rare advantage of a 3-car garage at the rear, ensuring convenience and additional income. Ample parking space further enhances its appeal. Strategically located and poised for growth, this property promises not just stability but a smart investment with room for expansion. Don't miss the chance to capitalize...Introducing a lucrative investment opportunity in the heart of Long Branch, NJ - a thriving 5-family income-producing home with substantial upside potential. This well-maintained property features a rare advantage of a 3-car garage at the rear, ensuring convenience and additional income. Ample parking space further enhances its appeal. Strategically located and poised for growth, this property promises not just stability but a smart investment with room for expansion. Don't miss the chance to capitalize on the abundant potential this 5-family home holds.
  1. Listed by Michael Mizrahi • Weichert Realtors • 732-539-8801

Property Details for 53 2nd Avenue

Complex/Subdivision
None
Zoning
Multi-Family
New Construction
No
Waterview
No
Directions
53 2nd Ave, Long Branch NJ in GPS

Location

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LISTING UPDATED: 04/11/2024 03:02 PM

Property Details for 53 2nd Avenue

StatusActive
MLS #22406627
Days on Market49
Taxes$12,118 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Five Family
Year Built1910
Lot Size0.18 AC / 7,840 SF
CountyMonmouth County

Location

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Building Information for 53 2nd Avenue

Stories2Residences5Year Built1910Building Size-Lot Size0.18 AC / 7,840 SF

Payment Calculator

$9,742 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,732

Property Taxes

$1,010

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 53 2nd Avenue

Summary
Location and General Information
  • Area/Section: None
  • Postal City: Long Branch
  • State: NJ
  • Municipality: Long Branch (LON)
  • Middle School: Long Branch
  • High School: Long Branch
  • # Units in Bldg: 5
  • Block: 287
  • Apx Year Built: 1910.0
Parking
  • Garage: Detached, Oversized
  • Parking: Paved
  • # Car Garage: 3.0
Taxes and HOA Information
  • Tax ID#: 27-00287-0000-00012
  • Taxes: $12,118.00
  • Tax Year: 2023
Property
Lot Information
  • Apx SqFt: 3910.0
  • # Acres: 0.18
  • Lot: 12
  • Lot Dimensions: 50 x 157
Property and Assessments
  • Assessment - Total: 780300.0
  • Assessment - Improvements: 605500.0
  • Assessment Status: Assessed
  • Special Assessment: No
  • Asmnt - Land: 174800.0
  • Possession: At Closing
  • Deed Restricted: No
  • Property Sub-Type: Five Family
Utilities
  • Handicap Access: No
  • Fireplace: No
  • Water Heater: Natural Gas
  • Water/Sewer: Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Pool: No
  • Waterfront: No
  • Roof: Shingled
Interior Features
  • # Levels: 3
  • Basement: Full
  • Excluded: Tenants personal belongings.
  • Bedrooms: 11
  • Siding: Vinyl
Multi Family
Unit 1
  • Unit 1: # Bedrooms: 2
  • Unit 1: # Full Baths: 1
Unit 2
  • Unit 2: # Bedrooms: 2
  • Unit 2: # Full Baths: 1
Unit 3
  • Unit 3: # Bedrooms: 3
  • Unit 3: # Full Baths: 1
Unit 4
  • Unit 4: # Bedrooms - Unit 4: 2
  • Unit 4: # Full Baths - Unit 4: 1
Unit 5
  • Unit 5: # Bedrooms: 2
  • Unit 5: # Full Baths: 1

Property History for 53 2nd Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 53 2nd Avenue

Taxable ValueLand$174,800Additions$605,500Total$780,300
Tax Record2022$9,600 ($800 / month)
Home Facts
Total Finished SqFt3,910 SqFtAbove Grade Finished SqFt3,910 SqFtStories3Lot Size7,850 SqFtStyleMulti-Family Res (5+ Units)Year Built1910ZoningBGCountyMONMOUTHAPN27 00287-0000-00012

Schools near 53 2nd Avenue

This home is within Long Branch Public School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
A.A. Anastasia Elementary School
PublicK to 5

Long Branch Middle School
Public6 to 8

Long Branch High School
Public9 to 12

Gregory Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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53 2nd Avenue is a multi-family home for sale in Long Branch, NJ 07740. This property was listed for sale on March 11, 2024 by Weichert Realtors, it's currently listed at $1,600,000. It has been on the market for a total of 49 days and was last sold on May 9, 2022. This listing's school district is Long Branch Public School District. Nearby schools include A.A. Anastasia Elementary School, Long Branch Middle School and Long Branch High School. 53 2nd Avenue is a 11-bed, 0-bath, 3,910 sqft multi-family home built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Weichert Realtors

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.