About 302 1st Avenue
Major Investment opportunity with one of the best money makers around. Once the Delmonte Hotel, but presently ran as a rooming house in prime Asbury Location!Just outside of redevelopment zone & 3 blocks to both wonderful beaches & a hopping downtown!Over 11,000 sq feet with 50 rooms that are all occupied and rented at an average of over $1100/mo per room. 8 common baths and 8 rooms have private baths. New stucco siding, 2 newer boilers. 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 property or just keep as 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!
