$1,299,900
Seaside Heights, NJ 08751
MLS# 22302347
1 / 10
Property Description
Make 6% on your cost to buy this property. The coin op laundry could make your new car pmt by itself. Has upside on income as present owners are low w their rents, $75,000 net annually. Perfect safe place to park your money and let it work for you. Very easy to run remotely. Strong Cap Rate. Has four 2 bedroom w 2 studio apartments. Super clean from the crawl space up Incl: New roof, New Windows, New Flooring. Maintenance free vinyl siding, stone landscaping, upgraded kitchens & baths, freshly painted w ring camera security system. If you transitioned to Airbnb style rentals, each 2 bedroom unit could do +/-$30,000/year. Park your car and walk to the beach, boardwalk, rides & shopping. 1 Hr from NYC, AC & Philly. P & L avail upon request to qualified buyer. Owners ready
Details
Maps
Contract Info
Status: Active
List Date: 2023-01-27
Property Sub-Type: Multi-Family
Sale: Yes
Lease: No
List Price: $1,299,900
Current Price: $1,299,900
Location
House Number: 308
Street Name: Sampson
Street Suffix: Avenue
County: Ocean
Municipality: Seaside Heights (SEH)
Postal City: Seaside Heights
State: NJ
Zip Code: 08751
Area/Section: Seaside Heights
Directions: Make 6% on your cost to purchase this super clean property. Bay Blvd to Sampson # 308. Quiet residential Bayside street. Super Clean, separately metered 6 family.. DOCS TAB HAS A CASH FLOW ANALYSIS.
General Property Info
# Levels: 2
Garage: No
Lot Dimensions: 50 x 100
Business Name: SEE DOCS TAB FOR I/E #s
Business Operating: Yes
Tax and Legal
Taxes: 10900
Tax Year: 2022
Remarks & Misc
Excluded: DOCS TAB HAS A CASH FLOW ANALYSIS.
Income & Expenses
# Rental Units: 6
Financials Per: Year
Gross Income: 100000
Net Operating Income: 75000
Insurance: 7000
RE Taxes: 10900
Total Expenses: 25000
Property Features
Location: Near Parkway Access; Res Distr; Near Parkway Access; Res Distr
Use: Apartments
Floors: See Remarks
Basement: Crawl Space
Cooling: Other
Heating: Electric
Water Heater: Electric
Water: Public Water
Sewer: Public Sewer
Gas: At Street
Electric: Other - See Remarks
Exterior: Lighting; Security System; Sign
Parking: On Street
Construction/Siding: Vinyl
Roof: Shingled
Zoning: Residential
Lot Description: Bayside; Sidewalks
Water Type: Bayside
Landlord Pays: Insurance; Sewer; Taxes; Water
Assessment Status: Assessed
Listing Office: Seaside Heights Realty Inc.
Listing Agent: Michael Loundy
Last Updated: January - 28 - 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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