Property

Long Branch, NJ 07740 402 2nd Avenue

OPEN HOUSE Sun, Jul 13 2025 12:00 PM - 2:00 PM
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Presented By: Carolina M Zocco, Rosario Realty Inc
  • MLS# 22519643
  • 07/02/2025
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  • Beds • 14
  • SQFT • 5,021
  • Garage • 2

Home Details

**Charming Multi-Family Complex in the Heart of Long Branch - A Unique Investment Opportunity!** Welcome to your next profitable venture nestled within one of New Jersey's most sought-after coastal towns! This exceptional multi-family complex features two distinct buildings spread across two expansive lots, offering a total of 8 well-appointed rental units poised for solid returns. Located just steps from beautiful Pier Village beaches, vibrant boardwalk attractions, and thriving local amenities, this property truly embodies the ideal combination of potential and convenience. **Features You'll Love:** - **Exceptional Layout:** Comprising two thoughtfully designed buildings that maximize both space and comfort. Each unit is uniquely tailored to meet the needs of today's diverse renters. - **Stable Tenant Base:** Enjoy peace of mind with all tenants currently on month-to-month leases, providing flexibility for rent adjustments or owner occupancy down the line. - **Carefree Utilities:** The landlord covers water & sewer expenses, simplifying property management and enhancing profitability while ensuring tenant satisfaction. - **Prime Location:** Long Branch boasts a lively atmosphere with easy access to stunning beaches, parks, shopping centers, fine dining options, and cultural venuesmaking this property a definite must see. Property in area of multi million dollar properties, public transportation and beach attractions. Many tenants are long term and would rather stay. Potential of this R-4 zone is considerable. 396 2nd Avenue lot is 54x274 402 2nd Avenue lot is 75x274 Seller would like both units to sell as one package. Both properties have been family owned for over 60 years. Very unique opportunity to be a landlord or own a large parcel of land and the possibilities are endless in this amazing location in desirable Long Branch.
Presented By: Carolina M Zocco, Rosario Realty Inc

Interior Features for 402 2nd Avenue

Bedrooms

Total Bedrooms11

Bathrooms

Total Baths8

Other Interior Features

Air Conditioning Y/NYes
BasementFull
Heating Y/NYes
Total Fireplaces

General for 402 2nd Avenue

Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityLong Branch
CoolingMulti Units
CountyMonmouth
DirectionsCedar Avenue to 2nd Avenue
Elementary SchoolAnastasia
ExclusionsTenants personal items
Full Baths8
Garage Spaces2.0
Garage Y/NYes
Heating3+ Zoned Heat
High SchoolLong Branch
Home Warranty Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet20908.8
Lot Size UnitsAcres
MLS AreaNone
MLS Area MinorLong Branch (LON)
Middle/Junior High SchoolLong Branch
MobileHomeRemainsYNNo
New ConstructionNo
Number Of Units Total8
OwnerPaysHot Water, Grounds Care, Water, Snow Removal, Sewer
Property Subtype7+ Family
Property TypeMulti-Family
Rent Control Y/NNo
RoofShingle
SewerPublic Sewer
Standard StatusActive
StatusActive
Stories2
Subdivision NameNone
Tax Annual Amount8361.0
Tax Year2024
TaxOtherAnnualAssessmentAmount544000.0
Tenant PaysHot Water, Heat, Gas, Electricity
Year Built1902

Exterior for 402 2nd Avenue

Building Area Total5021.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions75 x 277
Lot FeaturesLevel
Lot Size Acres0.48
Lot Size Area0.48
Parking FeaturesOpen, Paved, Common, Detached
SpaNo
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools

Elementary School Anastasia Elementary School
High School Long Branch High School
Middle School Long Branch Middle School

Brian Lee

Associate
Price $3,000,000
MLS#22519643
List Date 07/02/2025
Property Type Multi-Family
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