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Naveen Sharma

naveen@fourpointrealty.com +1(732) 429-0939

$500,000

Est. payment - /mo

3 Beds

2 Baths

961 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiple Buildings

Listing Status Active

Purchase Type For Sale

Square Footage 961 sqft

Price per Sqft $520

Municipality Aberdeen (ABE)

MLS Listing ID 22612555

Bedrooms 3

Full Baths 2

Year Built 1930

Annual Tax Amount $6,774

Tax Year 2025

Lot Size 7,405 Sqft

Acres 0.17

Lot Dimensions 76 x 100

Property Sub-Type Multiple Buildings

Source MOREMLS (Monmouth Ocean Regional REALTORS®)

Property Description

Rare 2-Family Investment Property in Cliffwood Beach on Triple Lot Tenant Occupied
MAIN HOUSE = $2,650 / month rent per lease. Occupied since Oct 2021. 3 BR, 1 BA, full basement, partial attic, 961 sqft living space, central HVAC, 3-car driveway. 580 sqft basement not included in 961 sqft living space. Appliances included: upscale refrigerator, stove, dishwasher, washer, dryer

DETACHED COTTAGE STUDIO = $1,150 / month rent per lease. Occupied since Feb 2018. Kitchen + living/bedroom + bathroom, 324 sqft living space, new deck, uses 3-car driveway.

There is a third structure on the property, a shed.

TOTAL GROSS RENT = $45,600 year

Taxes = $6,774 year Insurance = $1,398 year Water & Sewer = $2,288 year Net cash flow: $35,140 year

At 5.75% cap ≈ $500,000 valuation

Location

State NJ

County Monmouth

Area Cliffwood Bch

Building/Complex Name None

Direction S Concourse to Shore Concourse. Located in Cliffwood Beach. GPS takes you directly to the property.

Rooms

Basement Heated, Tenant Storage, Shared Storage, Tenant Acc

Interior

Interior Features Attic, Locked Storage

Heating Forced Air, Baseboard

Cooling Central Air

Flooring Laminate

Window Features Insulated Windows

Exterior

Exterior Feature Storm Window

Utilities Available Wired for Cable

Private Pool No

Building

Sewer Public Sewer

Water Public

Structure Type Storm Window

New Construction No

Schools

Elementary Schools Cliffwood

Middle Schools Matawan Avenue

High Schools Matawan Reg

Others

Senior Community No

Tax ID 01-00330-0000-00021

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Naveen Sharma

+1(732) 429-0939

naveen@fourpointrealty.com

805 Shore Concourse Cliffwood Beach, NJ 07735

Naveen Sharma

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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805 Shore Concourse