48-50 Monmouth St 50 Red Bank, NJ 07701-1614

This unique Red Bank, NJ property at 48-50 Monmouth Street (zip code 07701) offers a compelling investment opportunity. Priced at $1,250,000, this 0.18-acre lot features a beautiful Victorian home with three apartments, each possessing distinct character, ideal for rental income or multi-generational living. A shared laundry facility adds convenience for residents. The property also includes a separate commercial office space with a private entrance, perfectly suited for a variety of professional uses, such as a doctor's office. This space presents a chance to generate additional income streams. The home boasts a charming wrap-around porch, perfect for relaxation. Its prime location in the heart of Red Bank places it within easy reach of local shops, restaurants, and parks, offering residents a blend of convenience and vibrant community life. This property presents a rare chance to acquire a versatile commercial and residential asset in a desirable New Jersey location. The property is zoned for commercial use and offers significant potential for future development or renovation. The existing structure provides immediate income generation, while the land itself offers long-term appreciation potential. This is an exceptional opportunity for investors seeking a blend of immediate return and future growth.