For Sale

Listed by Ronen Neuman

Source: Monmouth/Ocean Multiple Listing Service #22518185

497 Marvin Drive, Long Branch, NJ, 07740

$2,500,000

14
6
17424 sq. ft.

MultiFam

30+ days on the market

What's around 497 Marvin Drive

About this property

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.

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