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Key Details
Sold Price $575,000
Property Type Multi-Family
Sub Type Four Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,280 sqft
Price per Sqft $449
Municipality Seaside Heights (SEH)
MLS Listing ID 22231317
Sold Date 12/16/22
Bedrooms 4
Full Baths 4
Originating Board Monmouth Ocean Regional Multiple Listing Service
Year Built 1981
Annual Tax Amount $5,130
Tax Year 2021
Lot Size 2,613 Sqft
Acres 0.06
Lot Dimensions 25 x 100
Property Description
Welcome to Iconic Seaside Heights. Investment opportunity to be part of the future growth of Seaside Heights. 2 properties being offered with favorable Cap Rate as a package deal - 314 and 316 Sumner Ave ** 8 units, 6 parking spaces** 6 units occupied with year round tenants. **Updated Units** Many improvements including structural, plumbing, electrical, heating - see documents. 2 Buildings at 314 Sumner - 4 units: 3 two Bedroom and 1 one Bedroom. 2 occupied paying under market rent. Back structure fully renovated, raised 2013 providing large storage area with plumbing, electric, gas. With projected adjustment for rent of vacant apartments - Rent $69,120, Expenses $12,661, NOI $56,459. **Building at 316 Sumner - 4 studio units, all occupied, Rent $58,800 Expenses $14,383 NOI $44,417. **
Location
State NJ
County Ocean
Area Seaside Heights
Direction Route 37 to Seaside Heights, to Sumner Ave, properties on the left
Rooms
Basement Other
Interior
Heating Baseboard
Cooling Other
Flooring Other - See Remarks, Laminate
Exterior
Exterior Feature Deck, Lighting
Garage Off Street
Waterfront No
Roof Type Shingle
Garage No
Private Pool No
Building
Sewer Public Sewer
Structure Type Deck, Lighting
Others
Senior Community No
Tax ID 27-00031-0000-00016
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Bought with RE/MAX Revolution
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