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40 Pitman Avenue $1,825,000
Property Details
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 realtor Photos include a sampling of apartments. Please review preliminary information available via Documents tab. UNDERGROUND OIL TANK removed 2019, New pitched ROOF September 2020, Five (5) year STATE FIRE INSPECTION completed in 2018.
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General Features
- Year Built 1870
- Tax Annual Amount 19866.0
- Tax Year 2019
- County Or Parish Monmouth
- Mlsarea Minor Neptune Twp (NPT)
- Property Sub Type Multi-Family
- Business Name The Allenhurst Apartment
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Building Features
- Basement Partial
- Bathrooms Total Decimal 0.0
- Bathrooms 0
- Cooling Window Unit(s), Other
- Building Area Total 7381.0
- Number Of Units Total 16
- Heating Hot Water
- Garage Spaces 0.0
- Fireplaces Total 1970
- Construction Materials Aluminum Siding
- Stories 3
- Sewer Public Sewer
- Roof Shingle,Flat
- Parking Features On Street
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Property Features
- Water Source Well,Public
- Exclusions A few decorative items and some owner and tenant personal items stored in attic and basement
- Association Amenities Common Area
- Lot Size Acres 0
- Lot Size Area 0.0
- Lot Features Corner Lot
- Lot Size Dimensions 60 X 60
- Lot Size Square Feet 0.0
Neighborhood
07756 (Ocean Grove) Demographics
Market Last 30 Days In This Postal Code
Average Days on Site
Properties for Sale
Property History
Date | Price |
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-- | New Value: $0 |
5/26/2021 3:00:00 AM | New Value: $1,825,000 |
The data relating to real estate for sale on this website is provided in part by RE/MAX of New Jersey and the IDX program of the Monmouth Ocean Multiple Listing Service. Information deemed reliable but not guaranteed. The property information provided on this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2024 MOMLS and RE/MAX of New Jersey. Allrights reserved.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.