497 Marvin Dr Long Branch, NJ 07740
Legal five-family home near Monmouth University and West End shopping.
Lot size:
0.40 AcresProperty Features for 497 Marvin Dr
General Information
- Lot size
- 0.40 Acres
Building Details
- Year built
- 1920
Source: Sonya Grill Real Estate
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Legal Five-Family Home Opportunity
This legal five-family property is situated in a prime residential neighborhood near Monmouth University, houses of worship, and the West End shopping district. The lot spans 140 x 125 feet, offering outdoor space and development possibilities. Recent improvements include a new concrete patio near the parking area. One of the units (#4) has been recently updated. All tenants are currently on a month-to-month basis. The current rental income is below market value, presenting an opportunity for increased returns for investors and owner-occupants.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Long Branch
- County
- Monmouth
- State
- New Jersey
- Longitude
- -74.0005496
- Latitude
- 40.2827595
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FAQs
What type of property is this?
Apartment building - Legal five-family home near Monmouth University and West End shopping.
Where is this apartment building located?
The property is located at 497 Marvin Dr Long Branch, NJ.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: - Legal Five-Family Home: Provides immediate rental income.; - Prime Location: Close to Monmouth University and West End shopping.; - Large 140 x 125 feet lot: Offers ample outdoor space.