Skip To Content

62 Main Avenue

Ocean Grove, NJ 07756
  • $1,200,000
  • STATUS: Active Under Contract
  • ON SITE: 195 Days
  • MLS #: 22139256
Under Contract
UPDATED: 45 min ago
$1,200,000
  • 0
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Ratings & Info

Description

Rare opportunity to own this money making,,fully rented mixed use corner property 3 incredible apartments ,1 fantastic office space encompassing the entire first floor, and a super Ocean Grove bonus of 2 garages . Located in the heart of the busy section of Ocean Grove just blocks from the beach. Numbers don't lie. Excellent condition and with a gross of over $90000.00Low taxes and even lower expenses due to years of constant care and attention equals a net operating income of over $64000.00Nothing to do but start collecting the rents.

Monthly Payment Calculator



© 2022 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or PORTERPLUS REALTY. Data last updated 2022-07-04T10:20:06.823.
www.porterplusrealty.com/homes/124201135
Print Image

62 Main Avenue Ocean Grove, NJ 07756

  • Price: $1,200,000
  • Status: Active Under Contract
  • On Site: 195 Days
  • Updated: 45 min ago
  • MLS #: 22139256
0
Beds
0
Baths
0
½ Baths
0.08
Acres
1900
Built
Neighborhood:
Neptune Twp (NPT)
County:
Monmouth
Area:
Neptune Twp (NPT)
Property Description
Rare opportunity to own this money making,,fully rented mixed use corner property 3 incredible apartments ,1 fantastic office space encompassing the entire first floor, and a super Ocean Grove bonus of 2 garages . Located in the heart of the busy section of Ocean Grove just blocks from the beach. Numbers don't lie. Excellent condition and with a gross of over $90000.00Low taxes and even lower expenses due to years of constant care and attention equals a net operating income of over $64000.00Nothing to do but start collecting the rents.
Exterior Features

Construction Siding Other - See Remarks Exterior FencedOutside Storage Garage Yes Location Near BusstopOther - See Remarks Lot Description Corner Lot Lot Dimensions 37 X 90 Parking Driveway Off StreetOn Street Roof Other - See RemarksShingled

Interior Features

Basement FullOtherWalk-Out Access Floors OtherSee RemarksWood Heat AC Window Unit(S) Heat Fuel Natural Gas Rental Units 4 Water Heater MultipleNatural Gas

Property Features

Assessment Land 233100.00 Assessment Status Assessed Assessment Total 643700.00 Commercial Type Mixed Use Common Features Landscaping Electric 1378.00 Electric1 Other - See Remarks Excluded All items Owned By Tenants All 4 Units Fully Rented 3 Apartments And 1 Commercial Space Farm No Franchise No Gas At StreetOn Site Gas Expense 2251.00 Gross Income 90744.00 Handicap Access No Improvements Assessment 410600.00 Insurance Expense 6038.00 Landlord Pays ElectricityGarbage RemovalGasHeatHot WaterInsuranceMaintenanceSewerSnow RemovalTaxesWaterYard Maintenance Lease No New Construction No Operating Income 64000.00 Other Expense 828 Real Estate Tax Expense 14000.00 Repairs Maintenance Expense 1000.00 Sale Yes Sale Excludes Business NameEquipment/FurnitureFranchiseInventoryLicense Sewer Public SewerStorm Sewers Tax Year 2021 Taxes 13370.00 Total Expenses 27000.00 Use ApartmentsProfessional/Office Water Public Water Water Sewer Expense 1612.00 Zoning Mixed

Listing information © 2022 Monmouth-Ocean MLS. Listing provided courtesy of Irene V Allegro of Allegro Agency.


© 2022 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or PORTERPLUS REALTY. Data last updated 2022-07-04T10:20:06.823.
 
https://bt-photos.global.ssl.fastly.net/monmouth/1280_boomver_1_22139256-2.jpg https://bt-photos.global.ssl.fastly.net/monmouth/1280_boomver_1_22139256-2.jpg https://bt-photos.global.ssl.fastly.net/monmouth/1280_boomver_1_22139256-2.jpg
Logo
PORTERPLUS REALTY
25 N. Countyline Rd
Jackson NJ, 08527