316 8th Avenue $999,000

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    316 8th Avenue Asbury Park, NJ 07712

    • 0 Beds
    • 0 Baths
    • 4,303 sq.ft.
    • Multi-Family
    MLS# 21919630 | Under Contract

    $999,000

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    Days On Market: 73 2 Views
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    Property Details

    Beautiful, over-sized turn of the century Queen Anne Victorian in the estate home section of NE Asbury Park, 2 1/2 blocks off the beachfront. The property is comprised of two buildings, the front main home (6 units) with original hardwood floors, and Victorian details, and a back, two-level carriage house(2 units). The financials are very strong under the current configuration with the net income in excess of $74K. While this home can certainly be maintained as a cash positive rental building, the property also offers unlimited restoration or redevelopment potential. Given the close proximity to the beach, this property would make a wonderful condo conversion for high end weekend units, or, restore this amazing property to its former grandeur as a stately principal home. Well-built, and remarkably structurally sound given the age, the property offers a high efficiency heating system and water heater, with updated electric throughout. The houses contain 4300 square feet of living space, and both buildings have single level bump-outs, possibly creating the opportunity for upward expansion. The oversized 7500 square foot lot makes additional off street parking, a pool, a garage, or formal gardens, all possibilities.

    • General Features
      • Basement Yes
      • Basement Description Full
      • Baths Total 0.00
      • Complex Subdivision None
      • County Monmouth
      • Heat Ac Other - See Remarks
      • Heat Fuel Natural Gas
      • Municipality Asbury Park (ASB)
      • Num Car Garage 0.00
      • Pool No
      • Property Sub Type Multiple Buildings
      • Roof Shingled
      • Water Heater Natural Gas
      • Water Sewer Public Sewer, Public Water
      • Waterfront No
      • Waterview No
    • Building Features
      • Apx Sqft 4303.00
      • Garage No
      • Num Levels 3.0
      • Building Units Total 8.0000
      • Siding Vinyl
    • Property Features
      • Lot Dimensions 50x150

    Contact

    Daniel Wright

    Sales Associate

    RE/MAX Elite

    Office Phone: 732-870-6300 x222

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    Market Last 30 Days

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    Property History

    Date Event Price Percent Change
    -- Current Price Source New Value: $999,000
    5/30/2019 11:48:10 AM Status Changed Source New Value: Under Contract
    5/11/2019 9:48:00 AM New in Database Source

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