Top tier rental property located 1 block from Downtown Red Bank on the highly coveted East Side. This property has been recently renovated and is the perfect turn-key investment. Financials available in the documents section of the listing. Fully rented property with tenants in place with multi year leases. Rent roll is $74,400 a year with tenants paying all utilities. NOI - $62,222!! This property is the ideal property for an investor to make money with no work needed to be done. This home features 2 units. First floor consists of 4BR and 2 baths with a huge basement with washer and dryer. Second floor consists of 3Br and 1 bath with laundry in unit as well. Turnkey investment opportunity that will make you money from day one!
Off market
Zestimate®
$1,104,500
66 Mechanic St, Red Bank, NJ 07701
7beds
2,638sqft
MultiFamily
Built in 1970
-- sqft lot
$1,104,500 Zestimate®
$419/sqft
$3,973 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Gas
Cooling
- None
Appliances
- Included: Dishwasher, Dryer, Refrigerator, Washer
Interior area
- Total interior livable area: 2,638 sqft
Property
Parking
- Total spaces: 4
- Parking features: None
Lot
- Size: 5,662 sqft
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1970
Community & neighborhood
Location
- Region: Red Bank
Sell with ease on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for —faster.
$1,104,500
2% more+$22,090
With Zillow Showcase(estimated)$1,126,590