66 Mechanic Street, Red Bank, NJ 07701

$1,100,000
7
BD
3
BA
2,638
SqFt
List Price
$1,100,000
Status
ACTIVE
Type
Multifamily
MLS#
22123620
Beds
7
Baths
3
Living Area
2,638
Region
Red Bank (RED)
Year Built
1970

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!

Additional Information

Elementary School
Red Bank Prm
Middle School
Red Bank
High School
Red Bank Reg
Other High
Red Bank Cath
Acres
0.13
Water Sewer
Public Sewer, Public Water
Taxes
$10,878
Year Built
1970
Living Area
2,638
Basement
Full, Partial Finished
Heat Ac
Forced Hot Air
Parking Driveway
Assigned, Off Street, Paved
Water Heater
Natural Gas
Floors
W/W Carpet, Wood
Heat Fuel
Natural Gas
Stories
2
Hoa Fee
$4
Parking Spaces
2
Parking Spaces
2
Tenant Pays
Electricity, Gas, Heat, Hot Water, Sewer, Snow Removal, Water, Yard Maintenance

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of RE/MAX Real Estate LTD..