398 Monmouth Avenue, Leonardo, NJ 07737

Property Description

RARE find 2 HOMES COMPLETELY DETACHED ON THE SAME LOT.ONE FACES MONMOUTH AVE a ranch style home w/a walkway up to the front door & walkway to a side entry. Living/Dining room combo w/eat-in Kitchen,2 bedrooms,1 full bath & a basement. THE OTHER HOME FACES CENTER AVE a ranch style home with a side entrance door w/Living/Din room combo, Kitchen,1 bedroom,1 bath. LOT is 25' width & 250' depth. Property is owned from Monmouth Ave to Center Ave one large rectangular lot. BOTH Homes are in move in condition & sit on beautiful streets. Lot is treed, private, & w/both homes adjoining a backyard together. Home that enters off Center Ave has an extremely long driveway. Both homes are move in ready plus renters recently left June - lease expired May & they were month to month before leaving in June Separate gas & electric BUT a shared public water and public sewer bill that is not separated. Current front home renter off Monmouth Ave had rented for over 20 plus years and pays $1,650 per month for a 2 bedroom, 1 bath, Kitchen, Liv/Din rm combo PLUS/a basement. Rent could possibly be over $2,500, landlord rarely raised the rent because tenant was an awesome renter! This price for rent is an estimate with the home fully updated you can get close to this rental price. You might get more or less depending upon condition of home. The fact that is completely detached will make it more sought after. Also, if there are not a lot of rentals available that can help in getting more for the rental of the home. Home that enters off Center Ave paid $975 per month for a 1 bedroom 1 bath, Kitchen, Liv/Din rm combo w/a crawl space. Rent if NOT fully updated and minimally fixed up could possibly be rented for $1,500 per month, landlord rarely raised rent because tenant was an awesome renter for the last 10 years. If the 1 Bedroom was fully renovated, you could possibly get $2,250 for rent.