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449 Hendrickson Ave

5 Unit Block of Flats £794,486 (£158,897/Unit) 7.31% Net Initial Yield Long Branch, NJ 07740

Executive Summary

This is a 3 plot parcel with 447 Hendrickson and 451 Hendrickson. 449 Hendrickson is a 5 unit multi-dwelling building. The existing tenant pays all utilities including water, sewer heat, and electric. There are three 2BR/1BA, one 3BR/2BA and one 1BR 1 BA. 451 Hendrickson is an empty lot and needs to be part of the multi-dwelling unit. This building can be bought as is or together with the single-unit dwelling building.

Financial Summary (Actual - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £794,486
Price Per Unit £158,897
Sale Type Investment
Net Initial Yield 7.31%
No. Units 5
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 0.51 AC
Building Size 4,174 SF
Average Occupancy 100%
Number of Floors 2
Year Built 1900
Parking Ratio 2.4/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+1 3 - -
3+2 1 - -
1+1 1 - -
Walk Score ®
Very Walkable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
27-00337-0000-00015
Land Assessment
£100,566
Improvements Assessment
£393,896
Total Assessment
£494,462
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024

zoning

Zoning Code Residential (Residential 1 to 4 Fam)
Residential (Residential 1 to 4 Fam)
  • Listing ID: 33636590

  • Date on Market: 25/10/2024

  • Last Updated:

  • Address: 449 Hendrickson Ave, Long Branch, NJ 07740

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