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    29-33 Drs James Parker Boulevard , 29, 31, 33

    Red Bank, NJ 07701
    • $500,000
    • STATUS: Active
    • ON SITE: 7 days
    • MLS #: 22117748
    Foreclosure
    UPDATED: 50 min ago
    $500,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 984
      SQFT
    • $508
      $/SQFT
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    For the first time, ''The Cottages at Red Bank'' are available on the open market! Rush to make your offer on these 3 studio cottages on 1 lot in thriving Red Bank! Each cottage is fully rented. Rents are $1,150, $1,150 and $1,100. Tenants pay all utilities (including gas, electric, water/sewer) and handle snow removal. Landlord handles lawn care.With 25% down, this property presents roughly an 8.2% return on investment (ROI) and a cap rate of 6.7%+/-!Each cottage has a kitchen, bathroom and living room/bedroom combo with closet. All appliances come with the homes. There is large shared yard with an owners shed. All homes have cute front porches, vinyl siding and architectural grade roofs. Hurry...this will NOT LAST!! Interior shots were prior to tenant moving in.The 3 cottages are on 1 Block and Lot and cannot be subdivided.

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    © 2021 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 The Ventre Team | eXp Realty. Data last updated 2021-06-12T07:20:05.943.
    www.theventreteam.com/homes/117906401
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    29-33 Drs James Parker Boulevard , 29, 31, 33 Red Bank, NJ 07701

    • Price: $500,000
    • Status: Active
    • Updated: 50 min ago
    • MLS #: 22117748
    0
    Beds
    3
    Baths
    0
    ½ Baths
    0.11
    Acres
    984
    SQFT
    $508
    $/SQFT
    1925
    Built
    County:
    Monmouth
    Area:
    Red Bank (RED)
    Elementary School:
    Red Bank Prm
    Middle School:
    Red Bank
    High School:
    Red Bank Reg
    Property Description
    For the first time, ''The Cottages at Red Bank'' are available on the open market! Rush to make your offer on these 3 studio cottages on 1 lot in thriving Red Bank! Each cottage is fully rented. Rents are $1,150, $1,150 and $1,100. Tenants pay all utilities (including gas, electric, water/sewer) and handle snow removal. Landlord handles lawn care.With 25% down, this property presents roughly an 8.2% return on investment (ROI) and a cap rate of 6.7%+/-!Each cottage has a kitchen, bathroom and living room/bedroom combo with closet. All appliances come with the homes. There is large shared yard with an owners shed. All homes have cute front porches, vinyl siding and architectural grade roofs. Hurry...this will NOT LAST!! Interior shots were prior to tenant moving in.The 3 cottages are on 1 Block and Lot and cannot be subdivided.
    Exterior Features

    Exterior FenceOutdoor LightingThermal Window Garage No Garage Type None Lot Description Fenced AreaLevel Lot Dimensions 54 X 92 Parking Driveway On Street Parking Spaces 0.00 Pool YN No Roof Other - See RemarksShingled Siding Vinyl Water View No Waterfront No

    Interior Features

    Basement Other - See Remarks Basement YN No Fireplace No Fireplaces 0.00 Floors Linoleum/VinylW/W Carpet Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 1 Heat AC Electric Bb Heat Fuel Electric Unit1 Electric MeterGas StoveRefrigeratorWater HeaterWater Meter Unit2 Electric MeterElectric StoveRefrigeratorWater HeaterWater Meter Unit3 Electric MeterGas StoveRefrigeratorWater HeaterWater Meter Water Heater Other - See Remarks

    Property Features

    Assessment Land 91800.00 Assessment Status Assessed Assessment Total 203400.00 Deed Restrictions No Excluded Tenants Personal Property. Financials Per Year Financing CashConventional Handicap Access No Improvements Assessment 111600.00 Insurance Expense 2598.00 Landlord Pays Yard Maintenance Multifamily Type Multiple Buildings Net Income 40800.00 New Construction No Other High Red Bank Cath Owner Individual(s)NJ Lic Re Real Estate Tax Expense 4621.00 Rent Unit1 1150.00 Rent Unit2 1150.00 Rent Unit3 1100.00 Tax Year 2020 Taxes 4621.00 Tenant Pays ElectricityGasSewerSnow RemovalWater Water Sewer Public SewerPublic Water Zoning Residential

    Listing information © 2021 Monmouth-Ocean MLS. Listing provided courtesy of Michael Laico of Re/Max 1St. Advantage.


    © 2021 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 The Ventre Team | eXp Realty. Data last updated 2021-06-12T07:20:05.943.
     
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    The Ventre Team | eXp Realty
    503 NJ-71
    Spring Lake NJ, 07762