807 Grand Central Avenue, Lavallette, NJ 08735

$1,551,000

Property Type: Residential Bedrooms: 9 Baths: 5.1 Lot Size (sq. ft.): 4,792 Status: Closed

Current Price: $1,551,000 List Date: 8/17/2023 Last Modified: 2/15/2025

Overview

Description

Prepare to be wowed by a truly unparalleled opportunity along the shores of Lavallette. This oceanside, beach block compound, located at 807 Grand Central Avenue, stands as a testament to uniqueness and versatility. The lot size is a Lavallette conforming, 50 x 100 lot, and low Lavallette taxes at $4,820. A rare gem, this property comprises two distinct structures - a multi-family dwelling and a single-family home, both mere steps away from the sandy beach. The combined units generate $112,600 to $122,600 in rent roll annually. Set within a residential-commercial zone in the heart of Lavallette, the multi-family structure is a great example of investment potential. Four distinct 1-bedroom, 1-bathroom apartments, each with its own private entrance...

Supplements: The upper-level unit boasts access to an outdoor deck, providing a space to bask in the ocean breeze. Each of the 4 units are currently on an annual lease - providing stable monthly income. Nestled closest to the shoreline, the single-family residence exudes classic beachside charm. It is currently rented weekly with annual, repeat renters. Boasti ... (Read more)

Listing Details MLS# 22322964

Contract Info

Property Sub-Type: Single Family Residence
Sub-Type: Detached
New Construction: No

Location

House Number: 807
Street Name: Grand Central
Street Suffix: Avenue
County: Ocean
Municipality: Lavallette Boro (LAV)
Postal City: Lavallette
State: NJ
Zip Code: 08735
Area/Section: Shn Lavallette
Complex/Subdivision: None
Elementary School: Lavallette
Other Elementary: Lavallette
High School: Point Pleasant Beach
Directions: Rt 35 North, corner of Magee.

General Property Info

Full Baths: 5
Half Baths: Yes
Total Baths: 5.1
Handicap Access: No
Fireplace: Yes
# Levels: 2
# Units/Bldgs: 42
Garage: Yes
# Car Garage: Yes
Acreage: 0.11
Lot Dimensions: 50 x 100
HOA: No
Pool: No
Waterfront: No
Waterview: Yes
Rooms: 15
Basement: No

Tax and Legal

Deed Restricted: No
Taxes: 4830
Tax Year: 2022
Asmnt - Total: 0

Status Change Info

Under Contract Date: 2023-09-06
Sold Date: 2023-11-15
Contingent Date: 2023-08-30

Remarks & Misc

Excluded: Personal Items.

More Information

Ownership Type

Fee Simple: Yes

Style

Colonial: Yes
Shore Colonial: Yes

Zoning

Mixed: Yes
Multi-Family: Yes
Residential: Yes
Single Family: Yes

Included

Gas Cooking: Yes
Microwave: Yes
Refrigerator: Yes
Stove: Yes

Living Room

Fireplace - Woodburning: Yes
Floor - Wood: Yes

Water/Sewer

Public Sewer: Yes
Public Water: Yes

Floors

Wood: Yes

Kitchen

Eat-In: Yes

Basement

Crawl Space: Yes

Cooling

Multi Units: Yes

Water Heater

Natural Gas: Yes

Heating

Electric: Yes
Natural Gas: Yes

Exterior

Balcony: Yes
Outdoor Shower: Yes
Porch - Enclosed: Yes
Porch - Screened: Yes

Parking

Driveway: Yes
On Street: Yes

Garage

Attached: Yes

Assessment Status

Assessment - N/A: Yes

Siding

Vinyl: Yes

Roof

Shingle: Yes

Property Features

Ownership Type: Fee Simple Style: Colonial; Shore Colonial Living Room: Fireplace - Woodburning; Floor - Wood Kitchen: Eat-In Basement: Crawl Space Floors: Wood Cooling: Multi Units Heating: Electric; Natural Gas Water Heater: Natural Gas Exterior: Balcony; Outdoor Shower; Porch - Enclosed; Porch - Screened Garage: Attached Siding: Vinyl Roof: Shingle Parking: Driveway; On Street Included: Gas Cooking; Microwave; Refrigerator; Stove Zoning: Mixed; Multi-Family; Residential; Single Family Assessment Status: Assessment - N/A

Listing Office: Keller Williams Shore Properties

Listing Agent: Jodi Leigh Krug

Last Updated: February - 15 - 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.