295 Westwood Ave, Long Branch, NJ 07740

Here's your chance to own an updated 4 family home in the town along the Jersey Shore that continues to grow. This well maintained home is situated on a large hedged corner lot that is one block from the train station and a short walk to the beach. There are so many ways to utilize this property. Keep it as a 4 family and use the 2 car garage and basement (which use to have a bathroom) for additional income. Use one unit as owner occupied and have the other units help pay the bills. Convert back to a Grand Jersey Shore single family Victorian home. Or keep one apartment for yourself to use during the summer and weekends and commute from the city by train to enjoy the Jersey Shore. You could even leave a car at the house for when you get there. Tenants have their own gas and electric meters. Close to train station, Pier Village, Jersey Shore beaches, Monmouth Park Racetrack, Restaurants, houses of worship, Monmouth Medical Center. EXPENSES: gas- $600, insurance- $2,400, taxes- $9,450, sewer- $1,650, water- $700, electric- $600, lawn- $600 = $16,000/yr. Potential Income: Unit 1- $2,300, Unit 2- $1,200, Unit 3- $1,200, Unit 4- $1,500, Garage- $400, Basement- ? = $79,200/yr. Net Income = $63,200