Does anyone invest in asbury park NJ?

[Julie Verardi]

I've been investing in jersey city for past few years and have been thinking about asbury park for my next investment. I personally really like the area and think I will continue to see it grow. What type of tenants do you get there? What do rents tend to go for? Would love to run some numbers but am unsure of what rents go for. Or if it's a bad idea for an investment. Any info would be great!

[Jeremy Baker]

That's ironic,  I'm going to look at duplexes there  today actually!   

So I have to do my research for what its like now, but I grew up on the Jersey Shore in the 90s.  Asbury was the least desirable area for the majority of the time.   The city re-developed post 9/11  and has rebuilt the boardwalk and encouraged new business.  

Asbury had a huge drug problem for much of the 90s, and that has seemed to have cleared out,  although I suspect some leftover from that era exists.   

The inventory of houses are pretty old but in fairly good shape.   Some are very large houses pre 1920 and in very good condition. 

the rents they are getting are listed on the MLS at about $1000 per unit for this place

https://www.zillow.com/homes/1125-Summerfield-Ave,...

This  listing is not completely indicative of the neighborhood.  And some rents are much higher . 

I noticed a bunch of the listings are not providing rent estimates so im curious myself.  Ill keep you posted after my travels today. 

Hope this helps!