$1,900,000
●
House -
Off Market
508 Brighton Avenue
Spring Lake, NJ 07762
5 Beds
4 Baths,
1
Half Bath
$2,054,043
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model
About This Property
Come live the Spring Lake lifestyle.Income producing grandfathered
two-family home around the corner from Downtown and close to some
of the best beaches and boardwalks in NJ.Live in one home and rent
the other or have a compound all to yourself. Front house boasts
beautiful new front porch and two new baths. Truly turn key- the
back apartment will come fully furnished so you can have immediate
rental income. Why rent when you can own your own slice of Jersey
Shore beach heaven? Can't you just imagine sipping a cocktail on
the front porch after a beautiful say of surfing and sun?
50x150 lot, use/rent out while you design your custom home.
Be into less than new construction in town and have exactly what
you want. TAXES LESS THAN $6500 One month of summer rental covers
more than taxes.
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
House
Property Taxes
$539
HOA Dues
-
Year Built
1900
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (MOMLS #22136074)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 7, 2022 | Sold | ||
| Sold | |||
| Nov 11, 2021 | No longer available | - | |
| No longer available | |||
| Nov 6, 2021 | Listed by Keller Williams Realty Spring Lake | $1,899,000 | |
| Listed by Keller Williams Realty Spring Lake | |||
| Jul 7, 2021 | Price Decreased |
$1,899,000
↓ $100K
(5%) | |
| Price Decreased | |||
| May 9, 2021 | Listed by Keller Williams Realty Spring Lake | $1,999,000 | |
| Listed by Keller Williams Realty Spring Lake | |||
| | |||
|
This is it!!! Come live the Spring Lake lifestyle.Income producing grandfather two-family home around the corner from Downtown and close to some of the best beaches and boardwalks in NJ.Live in one home and rent the other or have a compound all to yourself. Front house boasts beautiful new front porch 3 bd 2.5 bath.Truly turn key- the 2 bd 1 ba back apartment will come fully furnished so you can have immediate rental income. Be in time for summer. Why rent when you can own your own slice of Jersey Shore beach heaven? Can't you just imagine sipping a cocktail on the front porch after a beautiful say of surfing and sun? Welcome home or great investment!
| |||
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Property Highlights
Garage
Parking Available
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Spring Lake
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Heather Garrett-Muly, Keller Williams Realty Spring Lake
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22136074
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22136074
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