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    40 Pitman Avenue

    Ocean Grove, NJ 07756
    • $1,950,000
    • STATUS: Active
    • ON SITE: 34 days
    • MLS #: 22034655
    UPDATED: 49 min ago
    $1,950,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,381
      SQFT
    • $264
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1870
    County:

    School Ratings & Info

    Description

    16 UNIT APARTMENT BUILDING - First time on the market in over 50 years. Owned/operated by same family since 1960s. This prime, central location in the Historic Downtown District of Ocean Grove has residents and guests with close access to the beach/boardwalk, the Great Auditorium, the charming Downtown, and the footbridge to Asbury Park! This CORNER Property is being offered TURNKEY and is occupied by seasonal and year-round tenants in fully furnished apartments complete with full kitchens and private bathrooms. One (1) two-bedroom, four (4) one-bedrooms and eleven (11) studio apartments. A common lobby, all season front porch and shared courtyard are available for all to enjoy. Listing agent is the seller and NJ licensed realtorPhotos include a sampling of apartments. Please review preliminary information available via Documents tab. First round of appointments are being offered to interested prospective buyers on Tuesday, Sept 29 and Wed, Sept 30. UNDERGROUND OIL TANK removed 2019, New pitched ROOF September 2020, Five (5) year STATE FIRE INSPECTION completed in 2018.

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    © 2020 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Caitlyn Mulligan with RE/MAX Revolution. Data last updated 2020-10-30T09:19:44.773.
    www.mulligansellsmore.com/homes/110421887
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    40 Pitman Avenue Ocean Grove, NJ 07756

    • Price: $1,950,000
    • Status: Active
    • Updated: 49 min ago
    • MLS #: 22034655
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    7,381
    SQFT
    $264
    $/SQFT
    1870
    Built
    Neighborhood:
    Neptune Twp (NPT)
    County:
    Monmouth
    Area:
    Neptune Twp (NPT)
    Property Description
    16 UNIT APARTMENT BUILDING - First time on the market in over 50 years. Owned/operated by same family since 1960s. This prime, central location in the Historic Downtown District of Ocean Grove has residents and guests with close access to the beach/boardwalk, the Great Auditorium, the charming Downtown, and the footbridge to Asbury Park! This CORNER Property is being offered TURNKEY and is occupied by seasonal and year-round tenants in fully furnished apartments complete with full kitchens and private bathrooms. One (1) two-bedroom, four (4) one-bedrooms and eleven (11) studio apartments. A common lobby, all season front porch and shared courtyard are available for all to enjoy. Listing agent is the seller and NJ licensed realtorPhotos include a sampling of apartments. Please review preliminary information available via Documents tab. First round of appointments are being offered to interested prospective buyers on Tuesday, Sept 29 and Wed, Sept 30. UNDERGROUND OIL TANK removed 2019, New pitched ROOF September 2020, Five (5) year STATE FIRE INSPECTION completed in 2018.
    Exterior Features

    Construction Siding Aluminum Garage No Lot Description Corner Lot Dimensions 60 X 60 Parking Driveway On Street Roof FlatShingled

    Interior Features

    Basement Partial Heat AC Ac Window UnitsHot WaterOther - See Remarks Heat Fuel Natural Gas Rental Units 16 Water Heater Natural Gas

    Property Features

    Assessment Land 537500.00 Assessment Status Assessed Assessment Total 1020200.00 Business Name The Allenhurst Apartment Business Operating Yes Commercial Type Multi-Family Common Features Common Area Deed Restrictions No Documents Available Aerial PhotoFinancial StatementSurvey Electric1 Other - See Remarks Excluded A Few Decorative items And Some Owner And Tenant Personal items Stored in Attic And Basement Franchise No Gas At Street Improvements Assessment 482700.00 Lease No Sale Yes Sale Includes Business NameEquipment/FurnitureGoodwillInventoryPhone SystemTraining By Owner Sewer Public Sewer Tax Year 2019 Taxes 19866.00 Use Apartments Water Public WaterWell Year Established 1970.00 Zoning Central BusinessMulti-Family

    Listing information © 2020 Monmouth-Ocean MLS. Listing provided courtesy of Michele Derose of Re/Max Gateway.


    © 2020 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Caitlyn Mulligan with RE/MAX Revolution. Data last updated 2020-10-30T09:19:44.773.
     
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    Caitlyn Mulligan with RE/MAX Revolution
    2101 route 34, Suite B
    Wall NJ, 07719