$3,299,000
Active
27 Days Online
0 Beds0 Baths11,250 SQFT
Active

302 1st Avenue Asbury Park, NJ 07712

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Major Investment opportunity with one of the best money makers around. Once the Delmonte Hotel, but presently ran as a rooming house in prime Asbury Location!Just outside of redevelopment zone & 3 blocks to both wonderful beaches & a hopping downtown!Over 11, 000 sq feet with 50 rooms that are all occupied and rented at an average of over $1100/mo per room. 8 common baths and 8 rooms have private baths. New stucco siding, 2 newer boilers. Adjacent vacant 50 X 100 lot is included in the sale making the total property 100x100. Worth the effort to renovate and turn into a showcase property or just keep as is and benefit from a great return on investment. Don't miss the chance to be a part of the exciting City by the Sea, Asbury Park!

  • Property TypeCommercial
  • NeighborhoodN/A
  • CountyMonmouth
  • Taxes$34,848
  • HOA/Condo/Coop Fees$0
  • Days on Site27 Days
  • MLS StatusActive
  • MLS ID Number22415159
  • Home Size Source N/A
  • Year Built1880
  • Lot Size0.11 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Construction Stucco
  • Parking On Street
  • Parking Spaces 0
  • Sewer Public Sewer
  • Basement PartialWalk- Out Access
  • Number of Stories 4
  • Acreage 0.11
  • Water Public
  • Zoning Residential
  • Garage Spaces 0

Interior Features

  • Heating Steam
  • Flooring Vinyl
  • Fireplaces 0

Exterior Features

  • Roof Flat
  • Spa No
  • Waterfront Property Yes
  • Waterfront Features Oceanview
  • Lot Corner Lot

Community Features

  • MLS Area None

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Monthly Payment (Est.)

$17,329
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