807 Grand Central Avenue
Lavallette, NJ 08735
- 9 beds
- 6 baths
- – sqft
- 4,791 sqft lot
- – on site
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*OFFER ACCEPTED NO FURTHER SHOWINGS* INCREDIBLE INVESTMENT OPPORTUNITY! There has never been anything quite like this one-of-a-kind, oceanside compound offered along the beautiful shores of Lavallette, New Jersey! Comprised of two distinct structures, 807 Grand Central Avenue features both a multi-family AND single-family home just steps away from the sand. Located within a residential-commercial zone on an ocean block in the heart of Lavallette, the multi-family structure is complete with four (4) 1-bedroom, 1-bathroom apartments, each with designated private entrances and an upper-level unit which opens to an outdoor deck. All units may be rented out individually for tremendous passive income potential! Nearest the sand, a single-family residence comprised of 5 bedrooms and 1.5 bathrooms poses as a truly classic beach home, also outfitted with an upper-level deck and awe-inspiring ocean views. The current total rent in "as is" condition is ~$100,000, annually, but a little TLC brings the potential to a grand total of $150,000 - $160,000, annually. With favorable taxes, this is a truly remarkable investment opportunity. Conveniently located within walking distance to iconic bars, restaurants and so much more! Sale is "as-is" seller represents both structures in need of structural repairs. See documents section for estimate.Buyer is responsible for CO
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Last updated Nov 23, 2023
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MLS# 22114691 —
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/15/23
Nov 15, 2023
|
MOMLS | $1,551,000 | 3.5% | |
|
10/21/23
Oct 21, 2023
|
MOMLS | $1,499,000 | 33.7% (14.5% / YR) | |
|
6/25/21
Jun 25, 2021
|
Sold | MOMLS | $1,121,050 |