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  • 61 days on site
  • 1 views

INVESTOR - HOUSE HACKER ALERT! Great neighborhood to invest in for positive cash flow. Four units - 3 units in main house with a separate 1 bedroom cottage. Unit #1 is 2 BR's, 1 Bath on 1st floor, currently vacant. Unit #2 is on the 2nd floor and has 3 BRs, 1 bath, currently vacant. (was renting for $1550 per month). There is an addtional fully renovated 1 bedroom OWNER UNIT located in the rear of the main house. Unit #3 is a separate house (cottage) with 1 BR, 1 Bath currently rented for $1175.00 per month. On site shared laundry room in the basement. 1 outdoor shed. Plenty of parking. Parking area for 8 cars. Wooded side street close to the action of town. Basement present with outside access only. Property is being sold in strictly As-Is condition. Buyer responsible for all certifications, inspection and repairs.OWNERS SUITE CANNOT BE RENTED.

Source: Monmouth Ocean Regional MLS, MLS#: 22612185

Listing provided courtesy of HomeSmart First Advantage- MLS# 22612185MLS Provider
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  • Property Type
    Residential Income
  • Lot
    0.37 acres

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Kenneth Nilson

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 5616 Atlantic Avenue

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
4/29/2026Source: Monmouth Ocean Regional MLS Added to Database
April 29, 2026