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.
|--||New Value: $999,000|
|5/30/2019 11:48:10 AM||New Value: Under Contract|
|5/11/2019 9:48:00 AM|
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