Courtesy of: Joseph Baumann, The Connolly Agency, joe@theconnollyagency.com
Courtesy of: Joseph Baumann, The Connolly Agency, joe@theconnollyagency.com
$3,299,000
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Lot: 0.11 Acres
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Other
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$3,299,000
302 1st Avenue Opportunity knocks with one of the best money makers around. Once the Delmonte Hotel, but presently ran as a rooming house in an Ideal Location. Just outside of a redevelopment zone and 3 blocks to wonderful beaches and 3 blocks to hopping downtown on Cookman Ave. Prime location!!Over 11, 000 sq feet with 52 rooms that are all occupied and rented at a minimum of $900/mo per room. 8 common baths and 8 rooms have private baths. New stucco siding, 2 newer boilers and HWH. Adjacent vacant 50 X 100 lot is included in the sale making the total property 100x100. Worth the effort to renovate and turn into a showcase or keep as it is and benefit from a great return on investment. Don't miss the chance to be a part of the exciting City by the Sea, Asbury Park!!
Courtesy of: Joseph Baumann, The Connolly Agency, joe@theconnollyagency.com
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