285 Bay Avenue

Highlands, NJ 07732

$897,000
Price
5
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This turn key 3 family property produces $85,000/year in rent with room for improvement. 2 one bedroom units and 1, three bedroom unit. Detached 1.5 garage. All recently renovated. Back flat roof just recently replaced. Short walk to the beach. Truly a cash cow!This turn key 3 family property produces $85,000/year in rent with room for improvement. 2 one bedroom units and 1, three bedroom unit. Detached 1.5 garage. All recently renovated. Back flat roof just recently replaced. Short walk to the beach. Truly a cash cow!
  1. Listed by David Sgalambro • Melrose Realty, LLC

Property Details for 285 Bay Avenue

Complex/Subdivision
None
Zoning
Central Business
New Construction
No
Waterview
No
Directions
Rte 36 to Bay Ave
LISTING UPDATED: 12/23/2024 08:45 PM

Property Details for 285 Bay Avenue

StatusActive
MLS #22433239
Days on Market36
Taxes$7,948 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Three Family
Year Built1933
Lot Size0.06 AC / 2,613 SF
CountyMonmouth County

Building Information for 285 Bay Avenue

Stories2Residences3Year Built1933Building Size-Lot Size0.06 AC / 2,613 SF

Property Information for 285 Bay Avenue

Summary
Location and General Information
  • Area/Section: None
  • Postal City: Highlands
  • State: NJ
  • Municipality: Highlands (HIG)
  • Elementary School: Highlands
  • Middle School: Henry Hudson Reg
  • # Units in Bldg: 3
  • Block: 81
  • Apx Year Built: 1933.0
Parking
  • Garage: Detached, Oversized
  • Parking: On Street
  • # Car Garage: 1.5
Taxes and HOA Information
  • Tax ID#: 19-00081-0000-00001
  • Taxes: $7,948.00
  • Tax Year: 2023
Property
Lot Information
  • # Acres: 0.06
  • Lot: 1
  • Lot Dimensions: 25 x 100
  • Lot Description: Corner Lot, Level
Property and Assessments
  • Assessment - Total: 418900.0
  • Assessment - Improvements: 298600.0
  • Assessment Status: Assessed
  • Asmnt - Land: 120300.0
  • Possession: At Closing
  • Deed Restricted: No
  • Property Sub-Type: Three Family
Utilities
  • Fireplace: No
  • Water Heater: Natural Gas
  • Water/Sewer: Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Pool: No
  • Waterfront: No
  • Roof: Flat
Interior Features
  • # Levels: 2
  • Basement: Crawl Space
  • Floors: Ceramic Tile, Laminate
  • Bedrooms: 5
  • Siding: Stucco - Cement
Multi Family
Unit 1
  • Unit 1: # Bedrooms: 1
  • Unit 1: Bedroom Level: 1
  • Unit 1: # Full Baths: 1
  • Unit 1: # Rooms: 3.0
  • Unit 1: Kitchen Level: 1
  • Unit 1: Living Room Level: 1
  • Unit 1: Rent: $2,000.00
Unit 2
  • Unit 2: # Bedrooms: 1
  • Unit 2: Bedroom Level: 1
  • Unit 2: # Full Baths: 1
  • Unit 2: # Rooms: 3.0
  • Unit 2: Kitchen Level: 1
  • Unit 2: Living Room Level: 1
  • Unit 2: Rent: $2,500.00
Unit 3
  • Unit 3: # Bedrooms: 3
  • Unit 3: Bedroom Level: 2
  • Unit 3: # Full Baths: 1
  • Unit 3: # Rooms: 4.0
  • Unit 3: Kitchen Level: 2
  • Unit 3: Living Room Level: 2
  • Unit 3: Rent: $2,500.00
Unit 4
  • Unit 4: Bedroom Dimensions: GARAGE
  • Unit 4: Rent: $300.00
Income & Expenses Information
  • Landlord Pays: Electricity, Gas, Water, Sewer, Hot Water, Heat

Property History for 285 Bay Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 285 Bay Avenue

Taxable ValueLand$120,300Additions$298,600Total$418,900
Tax Record2023$7,948 ($662 / month)
Home Facts
Beds4Total Finished SqFt1,824 SqFtAbove Grade Finished SqFt1,824 SqFtStories2Lot Size2,500 SqFtStyleSingle Family ResidenceYear Built1933CountyMONMOUTHAPN19 00081-0000-00001

Schools near 285 Bay Avenue

This home is within Highlands Elementary School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 12
Private - PK to 8
Rating
School
Distance
Highlands School
PublicPK to 6

Henry Hudson Reg School
Public7 to 12

Our Lady Perpetual Help School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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285 Bay Avenue is a multi-family home for sale in Highlands, NJ 07732. This property was listed for sale on November 19, 2024 by Melrose Realty, LLC, it's currently listed at $897,000. This listing's school districts are Highlands Elementary School District, Henry Hudson Regional School District. Nearby schools include Highlands School, Henry Hudson Reg School and Our Lady Perpetual Help School. 285 Bay Avenue is a 5-bed, 0-bath, multi-family home built in 1933.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Melrose Realty, LLC

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.