1141 Asbury Ave, Asbury Park, NJ 07712

Money-making 4-family property consisting of a front house with two 2-bedrooms apartments (up and down). The rear house contains a cute studio on the first floor and a 3-bedroom apartment on the second floor, plus a large garage, There is also a large garage in this building. Apartments #1, #2 and #4 are in excellent condition. #2 has some wear and tear from long-term tenant. The first floor, front apartment was just completely renovated. Separate electric & gas for all units. Owner pays water/sewer. The property is situated in an up-and-coming neighborhood, located just west of Asbury Park’s Main Street and a short walk to the train station. Lead safe certifications were secured for all units in July 2024. The units are fully occupied with excellent tenants who pay on time. Rent roll: $72,720. Annual expenses are $17,199, for a gross annual income of $54,621. Please call or text your e-mail address for an income/expense report.