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!!
22317227
Business Opportunities, 3+ Story
Monmouth
1880
0.11
Acres
Public
4
Stucco
Public Sewer
11,250
Sq. Ft.
50 Total
Interior Features
- Flooring
- Vinyl
- Heating
- Steam. .
- Basement
- Partial, Walk-Out Access
Exterior / Lot Features
- Parking
- On Street.
- Exterior
- Stucco
- Roof
- Flat
- Lot Dimensions
- 100 x 100
- Zoning
- Residential
- Additional Exterior/Lot Features
- Corner Lot.
Financial Considerations
04-03306-0000-00002
$30,425
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