$3,299,900
Seaside Heights, NJ 08751
MLS# 22329431
1 / 55
Property Description
Northend Motel and Apartments. 27 motel rooms plus 5 apartments and 2 bedroom owners unit. Plenty of off street parking spaces and large pool. 2 two bedroom apartments and 3 one bedroom units. Strong Annual income. This unique property could be an amazing investment property with Boutique Hotel AirBnb style option. Could build at least 14 condos on the site. Surrounded by new development. Walk to rides, amusements, shopping, Seasides Beautiful New Boardwalk and Beaches ranked in NJ's top 10. 1 hr from NYC, Philly and AC conveniently located off Pky Exit 82
Details
Maps
Contract Info
Status: Active
List Date: 2023-10-21
Property Sub-Type: Commercial
Sale: Yes
Lease: No
List Price: $3,299,900
Current Price: $3,299,900
Location
House Number: 127
Street Name: Carteret
Street Suffix: Avenue
County: Ocean
Municipality: Seaside Heights (SEH)
Postal City: Seaside Heights
State: NJ
Zip Code: 08751
Area/Section: Seaside Heights
Directions: 32 Units at the Northend of Seaside on the corner of Carteret and Central Ave. 2 Blocks to the beach
General Property Info
# Levels: 3
Available SqFt: 16450
Apx Year Built: 1970
Garage: No
Acreage: 0.38
Lot Dimensions: 164.5 x 100
Business Name: Income & Expenses in Docs Tab
Business Operating: Yes
Tax and Legal
Taxes: 44267
Tax Year: 2022
Income & Expenses
# Rental Units: 32
Financials Per: Year
Gross Income: 510000
Net Operating Income: 257000
Total Expenses: 257000
Property Features
Use: Apartments; Hotel/Motel
Interior: Fire Alarm
Floors: Concrete; Tile; See Remarks
Basement: Crawl Space; Slab
Cooling: Heat Pump
Heating: See Remarks
Water Heater: Natural Gas
Water: Public Water
Sewer: Public Sewer
Gas: On Site
Electric: 440 Volt
Parking: Lighted; Off Street; On Site; Paved
Construction/Siding: Block; Stucco
Roof: A-Frame; Asphalt; Flat; Sloped
Sale Includes: Equipment/Furniture; Goodwill; Inventory; License; Machinery; Phone System; Signs; Training by Owner
Zoning: Central Business; Condo; Live-in Professional; Mixed; Neighborhood; Professional; Single Family; Multi-Family
Lot Description: Corner Lot; Sidewalks; Subdividable; See Remarks
Assessment Status: Assessed
Documents Available: Aerial Photo
Listing Office: Seaside Heights Realty Inc.
Listing Agent: Michael Loundy
Last Updated: October - 22 - 2023
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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