122-124 McLaren St, Red Bank, NJ 07701

Red Bank Duplex for Sale. There is one apartment on the first floor and one apartment on the second floor. Each apartment is approximately 650 square foot and has a living room, kitchen, 1 bedroom, and 1 bathroom. There is a full basement with a washer and dryer and for storage. Typically the apartments are leased for 1 or 2 years for $1450 per month if there is one occupant and for $1500 per month if there are two occupants in an apartment. The rent includes off street parking, lawn care, waste removal, a washer and dryer, and storage space. The tenants each pay for their own gas, electric, water/sewer, and internet services. Should the buyer choose to reside in one apartment there is a property tax benefit for owner occupancy as well as an income tax deduction for depreciation. Rental income from the remaining apartment can be used to offset a mortgage, tax, or insurance payments. The building in the photograph occupies two separate properties. Each of the properties has a separate deed. Each property contains a separate duplex. The property boundary line runs through the front and rear yards along the line of the party wall between the two properties. The corner property which includes the duplex on the left half of the building is for sale. The adjacent property includes the duplex on the right half of the building. The right half of the building is owner occupied and the property is not currently for sale. One photo is currently available. The apartments are available now for viewing. The property is for sale by the owner. The price is firm. Broker sales compensation is negotiable. Please email or call Don at 518 663 5143 to exchange information and to schedule an appointment to see the apartments. Thank you for your interest. Please leave a message after the eighth ring if I am not available.