99 Atlantic Avenue

Long Branch NJ 07740

1684 sq. ft.

11761.2 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

Calling all investors and owner occupants. 6.6 Cap rate, rare! As od 2023 gross rents $56, 400!! This is a perfect cash flowing property from day one! Looking for a place near the beach? Your search ends here. Welcome to 99 Atlantic Ave, a 2-unit multi-family home with off-street parking for 4 cars and a deep backyard. Live in one unit and rent the other! The lower level features 2 bedrooms, 1 bathroom, a living room, and a dining room. The second-level unit includes a living room, kitchen, bedroom, and 1 bathroom, plus a fully finished attic that offers much more than storage. The attic is a large, versatile space, with one section the size of a bedroom, a good-sized landing area, and another sizeable room with a combo washer/dryer. This property is perfect for a mother/daughter setup. Enjoy the lovely, ocean-breezy home with a wrap-around porch, located a short distance from the beach. Close to Pier Village and all the amenities downtown Long Branch has to offer. Investors take note: the rent roll is high, and there's a significant value add to the property. The land extends far back, offering opportunities for building, making additions, or even adding a garage with a loftthe possibilities are endless. Whether you're an investor or looking for an owner-occupied home with rental income, this is a must-see in the changing town of Long Branch. Ride your bike to the beach! Schedule an appointment today to view this unique property! Reach out for more details and a proforma.

Features

4 carspaces

1684 sq. ft. floor area

11761.2 sq. ft. lot size

Multi-Family

Property history for 99 Atlantic Avenue

2019

Rented

Undisclosed

01 Aug 2019 by RE/MAX Real Estate LTD.

2019

Sold

$440,000

23 May 2019 by Nancy Farrell Golden, of O'Brien Realty, LLC

2016

Sold

$328,000

29 Mar 2016 by Maureen Bertodatti, of Gloria Nilson & Co. Real Estate

Happy sellers in Long Branch

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