Property Q&A in Ocean Grove>Question Details

Rich, Home Buyer in 07765

what is the rent roll and when due leases expire?

Asked by Rich, 07765 Thu Apr 22, 2010

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This question is about this property: http://www.trulia.com/property/1040462816-84-Asbury-Ave-Ocea…

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Hi Rich,
Here are the agents notes for the listing in our MLS:

Remarkably maintained 4 Family investment property 4 blocks to beach in Ocean Grove 2 blocks to Great Auditorium. 4 smallish 1 BR units w/full bath & porch/deck. 2up/2down fully rented all w/Nept Code CIs and annual leases. 2 units are single occupancy Sec 8 tenants. Many upgrades to bldg in past 5 yrs. Last NJ State insp 3/2008. Keep a unit for yourself enjoy income of others.

TaxYr: 2009 LandAsmt: 196,500 NewCnstr: DeedRestr:
Taxes: $7,428 ImprAsmt: 125,600 Grandfathered: EstGrossInc: 44532
SpecAsmt: TotAsmt: 322,100 AsmtStat: Assessed EstAnnualExp: 13200

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FinclsPer: YR GrossInc: 44532 TotExpense: 13200 NetIncome: 44700 Electric: 214
Gas: 1443 Oil: 0 Phone: 0 Wtr/Swr: 1200 Rep/Maint: 2200
RE Tax: 7428 Payroll: 0 Insurance: 2300 Mgmt Fee: 0 CAM:
Rent Exp: 452 : : LL Pays: Assoc Fe, Gas, Heat, Hot Wate, Sewer, Snow Rem, Water, Yard Mai Tenant Pays: Electric, Gas

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Unit: TenantNm: TenantPh: Rent #Rms: #BR: #FuBath: #HaBath:
1 Dylan 925 3 1 1
2 Jeff 925 3 1 1
3 Joan 925 3 1 1
4 Mrs. Moore 950 3 1 1


Unit: LR lv/dm: Kit lv/dm: MBdr lv/dm: Bdr2 lv/dm: Oth lv/dm: Features:
1 1 1 1 Gas Mete, Elec Met, Refriger, Gas Stov
2 2 2 2 Gas Mete, Elec Met, Refriger, Gas Stov
3 1 1 1 Gas Mete, Elec Met, Refriger, Gas Stov
4 2 2 2 Gas Mete, Elec Met, Refriger, Gas Stov


If you would like me to email you the customer copy of this listing or any other investment properties in town, just reach out to me via Trulia or my website below (where you can perform a search of all the listings in Monmouth and Ocean County without obligation!)
Web Reference: http://www.dianeglander.com
0 votes Thank Flag Link Thu Apr 22, 2010
Rich,

The rent roll spells out each unit in the building, weather or not its occupied and how much is being paid in rent under the current lease agreement. and when the lease expires More often than not, the leases in any given building will not expire at the same time, as leases are signed and expire all through the course of a year.

Normal procedure would be for the seller of such a property to give this information to an interested buyer prior to making an offer.

Good Luck,

Barbara Smith
Weichert Realtors
Cell/Text: 609-980-7593
email: BarbSmith321@comcast.net
Web Reference: http://BarbSellsSJ.com
0 votes Thank Flag Link Thu Apr 22, 2010
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