316 Sumner Avenue, Seaside Heights, NJ 08751 | MLS 22231320 | Listing Information | Berkshire Hathaway HomeServices Healy, REALTORS | Berkshire Hathaway HomeServices Healy, REALTORS
Contingent
$575,000  

316 Sumner Avenue
Seaside Heights, NJ 08751

Other
Commercial
1,280
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 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. **
22231320
Other, 2 Story
Ocean
1981
0.06 Acres
Public Water
2
Block
Public Sewer
1,280 Sq. Ft.
$449.22
Multi-Family,Neighborhood
Exterior / Lot Features
Parking
0 Covered Parking Spaces. On Site.
Exterior
Block
Roof
Shingle
Lot Dimensions
25 x 100
Zoning
Multi-Family,Neighborhood
Additional Exterior/Lot Features
Lighting.
Financial Considerations
$100,000
27-00031-0000-00016
$5,130