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    66 Mechanic Street

    Red Bank, NJ 07701
    • $1,100,000
    • STATUS: Active
    • ON SITE: 14 days
    • ID#: 22123620
    Foreclosure
    UPDATED: 56 min ago
    $1,100,000
    • 7
      BEDS
    • 0.13
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 2,638
      SQFT
    • $417
      $/SQFT
    Type:
    Multi-Family
    Built:
    1970
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Top tier rental property located 1 block from Downtown Red Bank on the highly coveted East Side. This property has been recently renovated and is the perfect turn-key investment. Financials available in the documents section of the listing. Fully rented property with tenants in place with multi year leases. Rent roll is $74,400 a year with tenants paying all utilities. NOI - $62,222!! This property is the ideal property for an investor to make money with no work needed to be done. This home features 2 units. First floor consists of 4BR and 2 baths with a huge basement with washer and dryer. Second floor consists of 3Br and 1 bath with laundry in unit as well. Turnkey investment opportunity that will make you money from day one!

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    © 2021 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Daunno Realty Services, LLC. Data last updated 2021-08-03T17:19:36.607.
    www.daunnorealty.com/homes/119467298
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    66 Mechanic Street Red Bank, NJ 07701

    • Price: $1,100,000
    • Status: Active
    • Updated: 56 min ago
    • ID#: 22123620
    7
    Beds
    3
    Baths
    0
    ½ Baths
    0.13
    Acres
    2,638
    SQFT
    $417
    $/SQFT
    1970
    Built
    County:
    Monmouth
    Area:
    Red Bank (RED)
    Elementary School:
    Red Bank Prm
    Middle School:
    Red Bank
    High School:
    Red Bank Reg
    Property Description
    Top tier rental property located 1 block from Downtown Red Bank on the highly coveted East Side. This property has been recently renovated and is the perfect turn-key investment. Financials available in the documents section of the listing. Fully rented property with tenants in place with multi year leases. Rent roll is $74,400 a year with tenants paying all utilities. NOI - $62,222!! This property is the ideal property for an investor to make money with no work needed to be done. This home features 2 units. First floor consists of 4BR and 2 baths with a huge basement with washer and dryer. Second floor consists of 3Br and 1 bath with laundry in unit as well. Turnkey investment opportunity that will make you money from day one!
    Exterior Features

    Garage No Lot Dimensions 51 X 107 Parking Driveway AssignedOff StreetPaved Parking Spaces 4.00 Pool YN No Water View No Waterfront No

    Interior Features

    Basement FullPartial Finished Basement YN Yes Beds Unit1 4 Beds Unit2 3 Fireplace No Floors W/W CarpetWood Full Baths Unit1 2 Full Baths Unit2 1 Half Baths Unit1 0 Half Baths Unit2 0 Heat AC Forced Hot Air Heat Fuel Natural Gas Unit1 DishwasherDryerElectric StoveRefrigeratorWasher Unit2 DishwasherDryerGas StoveWasher Water Heater Natural Gas

    Property Features

    Assessment Land 232000.00 Assessment Status Assessed Assessment Total 478800.00 Deed Restrictions No Excluded Tenants Possessions Financing CashConventionalFha Improvements Assessment 246800.00 Multifamily Type Two Family New Construction No Other High Red Bank Cath Owner CorporateNj Lic Re Rent Unit1 3400.00 Rent Unit2 2800.00 Tax Year 2020 Taxes 10878.00 Tenant Pays ElectricityGasHeatHot WaterSewerSnow RemovalWaterYard Maintenance Water Sewer Public SewerPublic Water

    Listing information © 2021 Monmouth-Ocean MLS. Listing provided courtesy of Vincent Hennessey of Re/Max Real Estate Ltd..


    © 2021 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Daunno Realty Services, LLC. Data last updated 2021-08-03T17:19:36.607.
     
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    Clark NJ, 07066