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
Business Opportunities, 2 Story
Ocean
1940
0.06
Acres
Public
2
Public Sewer
928
Sq. Ft.
4 Total
Interior Features
- Flooring
- Other
- Heating
- Electric Heating. Baseboard, Hot Water.
- Basement
- Other
- Security
- Security System
Exterior / Lot Features
- Parking
- Off Site.
- Roof
- Shingle
- Lot Dimensions
- 25 x 100
- Additional Exterior/Lot Features
- Lighting.
Community Features
- Security Features
- Security System
- Complex Features
- Security System
Financial Considerations
27-00031-0000-00014
$5,072
Arrows indicate 90 day trend
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