1039 Norwood Avenue, Elberon, NJ 07740

$1,325,000

Property Type: Multi-Family Bedrooms: 1 Baths: 1 Square Footage: 3,680 Lot Size (sq. ft.): 21,780 Status: Closed

Current Price: $1,325,000 List Date: 8/08/2022 Last Modified: 2/11/2025

Overview

Description

GREAT OPPORTUNITY TO PURCHASE THIS 5 UNIT MULTI FAMILY IN AN EXCELLENT ELBERON LOCATION. 4 APARTMENTS ARE 1 BED/1 BATH, THE 5 UNIT IS A STUDIO. BEAUTIFUL PROPERTY 110X199 WITH LARGE DECK, PRIVATE PARKING, FULL BASEMENT WITH WASHER AND DRYER AND TENANT STORAGE. ALL UNITS ARE IN GOOD CONDITION AND THERE IS A TREMENDOUS OPPORTUNITY FOR REVENUE UPSIDE OR TO CONVERT BACK TO A SINGLE FAMILY HOME. ALL UNITS HAVE THEIR OWN ELECTRIC AND GAS METER. CLOSE TO BEACH, SHOPPING AND HOUSES OF WORSHIP.

Listing Details MLS# 22225088

Contract Info

List Price/SqFt: 452.45
Property Sub-Type: Five Family
New Construction: No

Location

House Number: 1039
Street Name: Norwood
Street Suffix: Avenue
County: Monmouth
Municipality: Long Branch (LON)
Postal City: Elberon
State: NJ
Zip Code: 07740
Area/Section: Elberon
Complex/Subdivision: None
Elementary School: Anastasia
Other Elementary: Elberon
Middle School: Long Branch
High School: Long Branch
Other High: Hillel High
Directions: Norwood Ave to House

General Property Info

# Units in Bldg: 5
Full Baths: Yes
Total Baths: Yes
# Levels: 2
Apx SqFt: 3680
Apx Year Built: 1930
Fireplace: Yes
# Fireplaces: Yes
# Acres: 0.5
Lot Dimensions: 110 x 199
Garage: No
Pool: No
Waterfront: No
Waterview: No
Basement: Yes
# Car Garage: 0

Tax and Legal

Asmnt - Total: 673300
Deed Restricted: No
Taxes: 13071
Tax Year: 2021

Status Change Info

Under Contract Date: 2022-08-28
Sold Date: 2022-12-12

Unit 1

# Bedrooms: Yes
Bedroom Level: Yes
# Full Baths: Yes
# Half Baths: Yes
Rent: 1650
Refrigerator: Yes

More Information

Unit 2

# Bedrooms: Yes
Bedroom Level: Yes
Rent: 1275

Unit 3

# Bedrooms: Yes
Bedroom Level: 2
# Full Baths: Yes
Rent: 1300

Unit 4

# Bedrooms - Unit 4: Yes
Bedroom Level: 2
# Full Baths - Unit 4: Yes
Rent: 1450

Unit 5

Bedroom Level: 2
# Full Baths: Yes
Rent: 750

Water/Sewer

Public Sewer: Yes
Public Water: Yes

Basement

Full: Yes
Tenant Storage: Yes

Cooling

Other: Yes

Water Heater

Natural Gas: Yes

Heating

Natural Gas: Yes

Assessment Status

Assessed: Yes

Property Features

Unit 1: Refrigerator Basement: Full; Tenant Storage Cooling: Other Heating: Natural Gas Water Heater: Natural Gas Assessment Status: Assessed

Listing Office: Town & Country Real Estate Consultants

Listing Agent: Esther Ashkenazi

Last Updated: February - 11 - 2025

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. 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.