NJ > Long Branch
Long Branch, NJ 07740,497 Marvin Drive
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Ryan McGurl

Ryan McGurl

+1(908) 202-8058
$ 2,500,000
Est. payment | /mo

14 Beds

6 Baths

0.4 Acres Lot

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$ 2,500,000
Est. payment | /mo
Save

14 Beds

6 Baths

0.4 Acres Lot

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.

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

Monmouth Ocean MLS (MOMLS)
Listed by Sonya Grill Real Estate
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(908) 202-8058

ryanmcgurl@gmail.com

200 North Ave East, Westfield, New Jersey, 07090, USA

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497 Marvin Drive