314 Sumner Avenue, Seaside Heights, NJ 08751 | MLS 22231319 | Listing Information | Berkshire Hathaway HomeServices Healy, REALTORS | Berkshire Hathaway HomeServices Healy, REALTORS
Contingent
$625,000  

314 Sumner Avenue
Seaside Heights, NJ 08751

Other
Commercial
928
Sq. Ft.
0.06
Acres Lot
1of
Photos
Map
Courtesy: Bridget Murphy - Exit On The Hudson Realty
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, 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.**
22231319
Other, 2 Story
Ocean
1940
0.06 Acres
Public Water
2
Vinyl siding
Public Sewer
928 Sq. Ft.
$673.49
Multi-Family,Neighborhood
Interior Features
Basement
Other
Security
Security System
Exterior / Lot Features
Parking
0 Covered Parking Spaces. Off Site.
Exterior
Vinyl
Roof
Shingle
Lot Dimensions
25 x 100
Zoning
Multi-Family,Neighborhood
Additional Exterior/Lot Features
Lighting,Security System.
Community Features
Security Features
Security System
Complex Features
Security System
Financial Considerations
$100,000
27-00031-0000-00014
$5,072