29-33 Drs James Parker Blvd, Unit 29 31 33

Red Bank, NJ 07701

$500,000
Last Sold Price
Beds
Baths
984 Sq. Ft.
$508 / Sq. Ft.
984
Sq. Ft.
$508
per Sq. Ft.

Description

For the first time, ''The Cottages at Red Bank'' are available on the open market! Rush to make your offer on these 3 studio cottages on 1 lot in thriving Red Bank! Each cottage is fully rented. Rents are $1,150, $1,150 and $1,100. Tenants pay all utilities (including gas, electric, water/sewer) and handle snow removal. Landlord handles lawn care. With 25% down, this property presents roughly an 8.2% return on investment (ROI) and a cap rate of 6.7%+/-! Each cottage has a kitchen, bathroom and living...For the first time, ''The Cottages at Red Bank'' are available on the open market! Rush to make your offer on these 3 studio cottages on 1 lot in thriving Red Bank! Each cottage is fully rented. Rents are $1,150, $1,150 and $1,100. Tenants pay all utilities (including gas, electric, water/sewer) and handle snow removal. Landlord handles lawn care. With 25% down, this property presents roughly an 8.2% return on investment (ROI) and a cap rate of 6.7%+/-! Each cottage has a kitchen, bathroom and living room/bedroom combo with closet. All appliances come with the homes. There is large shared yard with an owners shed. All homes have cute front porches, vinyl siding and architectural grade roofs. Hurry...this will NOT LAST! Interior shots were prior to tenant moving in.
  1. Listed by Michael Laico • RE/MAX 1st. Advantage

Property Details for 29-33 Drs James Parker Boulevard, Unit 29 31 33

Complex/Subdivision
None
Zoning
Residential
New Construction
No
Waterview
No
Directions
Shrewsbury Ave to E. Bergen or Maple Ave. to Dr. James Parker Blvd. Look for 3 adorable cottages side by side. (Tan, green and yellow)
LISTING UPDATED: 02/06/2025 09:18 PM

Property Details for 29-33 Drs James Parker Boulevard, Unit 29 31 33

StatusClosed
MLS #22117748
Days on Market21
Taxes$4,621 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Multiple Buildings
Year Built1925
Lot Size0.11 AC / 4,791 SF
CountyMonmouth County

Location

Listing Courtesy of RE/MAX 1st. Advantage

Sold By NON MEMBER

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Building Information for 29-33 Drs James Parker Boulevard, Unit 29 31 33

Stories1Residences3Year Built1925Building Size-Lot Size0.11 AC / 4,791 SF

Payment Calculator

$3,005 per month

30 year fixed, 6.845% Interest

Principal and Interest

$2,620

Property Taxes

$385

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 29-33 Drs James Parker Boulevard, Unit 29 31 33

Summary
Location and General Information
  • Area/Section: None
  • Postal City: Red Bank
  • State: NJ
  • Municipality: Red Bank (RED)
  • Elementary School: Red Bank Prm
  • Middle School: Red Bank
  • High School: Red Bank Reg
  • Other High: Red Bank Cath
  • # Units in Bldg: 3
  • Unit/Suite #: 29, 31, 33
  • Block: 97.01
  • Apx Year Built: 1925.0
Parking
  • Garage: None
  • Parking: On Street
  • # Car Garage: 0.0
  • # Parking Spaces: 0.0
Taxes and HOA Information
  • Tax ID#: 39-00097-01-00048-01
  • Taxes: $4,621.00
  • Tax Year: 2020
Property
Lot Information
  • Apx SqFt: 984.0
  • # Acres: 0.11
  • Lot: 48.01
  • Lot Dimensions: 54 x 92
  • Lot Description: Fenced Area, Level
Property and Assessments
  • Assessment - Total: 203400.0
  • Assessment - Improvements: 111600.0
  • Assessment Status: Assessed
  • Special Assessment: No
  • Asmnt - Land: 91800.0
  • Possession: At Closing, Other - See Remarks
  • Deed Restricted: No
  • Property Sub-Type: Multiple Buildings
Utilities
  • Handicap Access: No
  • Fireplace: No
  • Water Heater: Other - See Remarks
  • Water/Sewer: Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Pool: No
  • Waterfront: No
  • Roof: Other - See Remarks, Shingled
  • Exterior: Fence, Thermal Window, Lighting
Interior Features
  • # Levels: 1
  • Basement: Other
  • Excluded: Tenants personal property.
  • Floors: Linoleum/Vinyl, W/W Carpet
  • Bedrooms: 0
  • # Fireplaces: 0.0
  • Siding: Vinyl
Multi Family
Unit 1
  • Unit 1: Electric Meter, Water Meter, Refrigerator, Water Heater, Gas Stove
  • Unit 1: # Full Baths: 1
  • Unit 1: # Rooms: 2.0
  • Unit 1: Kitchen Dimensions: 13 x 9
  • Unit 1: Kitchen Level: 1
  • Unit 1: Living Room Dimensions: 13 x 11 (Also bed)
  • Unit 1: Living Room Level: 1
  • Unit 1: Other Room Desc: Front porch 13 x 6
  • Unit 1: Rent: $1,150.00
Unit 2
  • Unit 2: Electric Meter, Water Heater, Water Meter, Refrigerator, Electric Stove
  • Unit 2: # Full Baths: 1
  • Unit 2: # Rooms: 2.0
  • Unit 2: Kitchen Dimensions: 13 x 9
  • Unit 2: Kitchen Level: 1
  • Unit 2: Living Room Dimensions: 13 x 11 (Also bed)
  • Unit 2: Living Room Level: 1
  • Unit 2: Other Room Desc: Front porch 13 x 6
  • Unit 2: Rent: $1,150.00
Unit 3
  • Unit 3: Electric Meter, Water Meter, Water Heater, Refrigerator, Gas Stove
  • Unit 3: # Full Baths: 1
  • Unit 3: # Rooms: 2.0
  • Unit 3: Kitchen: 13 x 9
  • Unit 3: Kitchen Level: 1
  • Unit 3: Living Room: 13 x 11 (Also bed)
  • Unit 3: Living Room Level: 1
  • Unit 3: Other Room Desc: Front porch 13 x 6
  • Unit 3: Rent: $1,100.00
Income & Expenses Information
  • Income & Expenses: RE Tax Expense: 4621.0
  • Income & Expenses: Insurance Expense: 2598.0
  • Income & Expenses: Net Income: 40800.0
  • Income & Expenses: Financials Per: Year
  • Landlord Pays: Yard Maintenance
  • Tenant Pays: Electricity, Water, Sewer, Snow Removal, Gas

Property History for 29-33 Drs James Parker Boulevard, Unit 29 31 33

DateEvent & SourcePriceAppreciation
Sep 30, 2021

Closed

MOMLS #22117748

$500,000
Sep 14, 2021

Pending

MOMLS #22117748

Jun 4, 2021

Listed (Active)

MOMLS #22117748

$500,000
DateEvent & SourcePrice
09/30/2021

Closed

MOMLS #22117748

$500,000
09/14/2021

Pending

MOMLS #22117748

06/04/2021

Listed (Active)

MOMLS #22117748

$500,000

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

Schools near 29-33 Drs James Parker Boulevard, Unit 29 31 33

This home is within Red Bank Borough Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 3
Public - 4 to 8
Public - 9 to 12
Private - 1 to 12
Rating
School
Distance
Red Bank Primary School
PublicPK to 3

Red Bank Middle School
Public4 to 8

Red Bank Reg High School
Public9 to 12

West Side Christian Academy
Private1 to 12

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.

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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 RE/MAX 1st. Advantage

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS® and Pocono Mountains Association 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® and Pocono Mountains Association 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.