107 Shrewsbury Avenue, Red Bank, NJ 7701 | MLS 21517980 | Listing Information | Real Living Preferred Real Estate | Real Living Real Estate
Real Living Preferred Real Estate
908-707-0580

107 Shrewsbury Avenue,  Red Bank NJ, 07701

Status: Sold
MLS#: 21517980
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Real Living Preferred Real Estate
908-707-0580

Listing Provided Courtesy Of: New Markets Realty Inc
Last Updated: 12/3/2016 3:43 AM
Description for 107 Shrewsbury Avenue Red Bank, NJ 07701
Good investment property ! Approx 7.25% cash for cash return with current rents which are below market value (approx 11.5% if financed!). 1st floor tenant has been there 8 yrs (rent $1,650/mo + util); 2nd floor tenant pays $1,450/mo + util). Property was renovated approx 10 yrs ago and the tenants keep the property in great shape! Owner has both on a Mo to Mo tenancy to allow flexibility for a buyer(though both would like leases). Very low maintenance masonry building in a rapidly redeveloping area w/several upscale apartment buildings & other projects under construction or in the Planning stage. Zoned ''NB'' which ''Permits'' numerous uses. Rear of property borders Transit Village type Zoning !
Price
Sold Price:
$335,000
Sold Date:01/06/2016
Monmouth
21517980
Closed
Description
Good investment property ! Approx 7.25% cash for cash return with current rents which are below market value (approx 11.5% if financed!). 1st floor tenant has been there 8 yrs (rent $1,650/mo + util); 2nd floor tenant pays $1,450/mo + util). Property was renovated approx 10 yrs ago and the tenants keep the property in great shape! Owner has both on a Mo to Mo tenancy to allow flexibility for a buyer(though both would like leases). Very low maintenance masonry building in a rapidly redeveloping area w/several upscale apartment buildings & other projects under construction or in the Planning stage. Zoned ''NB'' which ''Permits'' numerous uses. Rear of property borders Transit Village type Zoning !
Listing Information
Property Type: General Commercial, Other
Gas Water Heater
Public Sewer
Neighborhood
Room Information
Interior Features
Window Air Conditioning
Gas Heat, Hot Water, Forced Air
Exterior / Lot Features
On Street
None
23.8 x irr x 101 x irr
Level
Central Business District, Level
Driving Directions
Between Oakland Street & Chestnut Street
Financial Considerations
$7,924
2015
Listing Price History

Red Bank Real Estate

Red Bank is located in New Jersey. Red Bank, New Jersey 07701 has a population of 12,194.

The median household income in Red Bank, New Jersey 07701 is $62,143. The median household income for the surrounding county is $84,746 compared to the national median of $53,046. The median age of people living in Red Bank 07701 is 35.8 years.

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Courtesy: New Markets Realty Inc James Giannell
Information is deemed reliable but is not guaranteed.

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