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314 Sumner Avenue

Seaside Heights, NJ 08751
  • $625,000
  • STATUS: Pending
  • ON SITE: 59 Days
  • MLS #: 22231318
Pending
UPDATED: 71 min ago
$625,000
  • 6
    BEDS
  • 0.06
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 928
    SQFT
  • $673
    $/SQFT
Type:
Multi-Family
Built:
1940
County:

School Ratings & Info

Description

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.**

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© 2022 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or The Ventre Team | Real Brokerage LLC. Data last updated 2022-12-04T08:21:00.87.
www.theventreteam.com/homes/133691509
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314 Sumner Avenue Seaside Heights, NJ 08751

  • Price: $625,000
  • Status: Pending
  • On Site: 59 Days
  • Updated: 71 min ago
  • MLS #: 22231318
6
Beds
2
Baths
0
½ Baths
0.06
Acres
928
SQFT
$673
$/SQFT
1940
Built
County:
Ocean
Area:
Seaside Heights (SEH)
Property Description
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.**
Exterior Features

Exterior DeckLighting Garage No Lot Dimensions 25 X 100 Pool YN No Roof Shingled Siding Vinyl Water View No Waterfront No

Interior Features

Basement Other Basement YN No Beds Unit1 1 Beds Unit2 2 Beds Unit3 2 Beds Unit4 2 Floors Laminate Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 1 Full Baths Unit4 1 Heat AC Other Heat Fuel BaseboardHot WaterNatural Gas Special Needs Stall Shower Unit1 Gas StoveRefrigerator Unit2 Gas StoveRefrigerator Water Heater Natural GasTank

Property Features

Assessment Land 100000.00 Assessment Status Assessed Assessment Total 209600.00 Deed Restrictions No Excluded Personal Property Of Owner And Tenants Improvements Assessment 109600.00 Landlord Pays ElectricityGasHeatHot WaterSewerWater Multifamily Type Four Family Owner Individual(s) Tax Year 2021 Taxes 5072.00 Water Sewer Public SewerPublic Water Zoning Multi-FamilyNeighborhood

Listing information © 2022 Monmouth-Ocean MLS. Listing provided courtesy of Bridget Murphy of Exit On The Hudson Realty: (201) 437-0411.


© 2022 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or The Ventre Team | Real Brokerage LLC. Data last updated 2022-12-04T08:21:00.87.
 
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