Sold

Closed

64 Wallace Street

Red Bank NJ, 07701

$980,000


$369.53 per sqft

Sold

Closed

3 Beds

3 Baths

2,652 sqft

Multi-family

Built in 1907

Welcome to your ideal investment opportunity in the heart of Red Bank! This spacious three-family property boasts an unbeatable location, offering both convenience and charm.
The highlight of this property is the well-appointed one-bedroom unit on the second level, which has been thoughtfully converted from two bedrooms to maximize space and comfort. Inside, you'll find a warm and inviting atmosphere complemented by beamed ceilings, granite counters, and a cozy gas fireplace. French doors lead out to a private rooftop deck, perfect for enjoying the sunshine and taking in the views.
On the ground level, you'll discover two separate one-bedroom units, each featuring hardwood floors and high ceilings. Unit 1 also offers a porch space and in unit washer/dryer. The oversized garage provides ample space for parking and storage, with individual lockers for each tenant to keep belongings secure.
Investment-wise, this property offers a lucrative opportunity with all units separately metered and tenants responsible for their own utilities. Whether you're looking to live in one unit while collecting rental income from the others or seeking a pure investment venture, this property is primed for success.
Location is key, and this property doesn't disappoint. Situated just blocks away from Red Bank's vibrant restaurants, parks, and entertainment options, residents will enjoy easy access to everything this lively community has to offer.
Don't miss out on this chance to own a piece of Red Bank's thriving real estate market. Schedule a viewing today and unlock the potential of this exceptional property!

22415332

MLS ID

May 31, 2024

Listed

December 14, 2024

Updated

Map

64 Wallace Street
Red Bank NJ, 07701

Interior Features

Total Stories

2


Bedrooms

3


Total Bathrooms

3


Full Bathrooms

3


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.11 Acres


Sewer

Public Sewer

Other Property Details

Area Name

None


Taxes

$17,839


Tax Frequency

Annually


Days on Market

153


Garage

Yes


Garage Spaces

3


View

No


County

Monmouth


Water Source

Public


Pool

No

Listing History

Date

Event

Price

12/14/2024

Sold

$980,000

11/1/2024

Pending

9/16/2024

Price change

$1,049,000

-5%

8/28/2024

Price change

$1,095,000

-5%

7/19/2024

Price change

$1,149,000

-9%

Courtesy of Weichert Realtors-Spring Lake with Joseph York,
Listing Contact: 848.207.1495 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor The Gerine Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. IDX information is provided exclusively for consumers, personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All listings displayed pursuant to IDX shall show the MLS as the source of the information.

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