Description
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!!
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0BEDS
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0.11ACRES
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0BATHS
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01/2 BATHS
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11,250SQFT
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$293$/SQFT
School Ratings & Info
Description
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!!
© 2023 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 The CG Group | RE/MAX Revolution. Data last updated 2023-12-04T18:22:27.35.
Listing information © 2023 Monmouth-Ocean MLS. Listing provided courtesy of Joseph Baumann of The Connolly Agency: 732-361-0800.