Seaside Heights, NJ 08751,316 Sumner Avenue
Seaside Heights, NJ 08751,316 Sumner Avenue
Seaside Heights, NJ 08751,316 Sumner Avenue
Seaside Heights, NJ 08751,316 Sumner Avenue
Seaside Heights, NJ 08751,316 Sumner Avenue
Seaside Heights, NJ 08751,316 Sumner Avenue
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$575,000

$575,000

Est.Price: ?

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Est. payment /mo

4 Beds

4 Baths

1,280 SqFt


SOLD DATE : 12/16/2022

Key Details

Sold Price $575,000

Property Type Multi-Family

Sub Type Four Family

Listing Status Sold

Purchase Type For Sale

Square Footage 1,280 sqft

Price per Sqft $449

Municipality Seaside Heights (SEH)

MLS Listing ID 22231317

Sold Date 12/16/22

Bedrooms 4

Full Baths 4

Originating Board Monmouth Ocean Regional Multiple Listing Service

Year Built 1981

Annual Tax Amount $5,130

Tax Year 2021

Lot Size 2,613 Sqft

Acres 0.06

Lot Dimensions 25 x 100

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 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. **

Location

State NJ

County Ocean

Area Seaside Heights

Direction Route 37 to Seaside Heights, to Sumner Ave, properties on the left

Rooms

Basement Other

Interior

Heating Baseboard

Cooling Other

Flooring Other - See Remarks, Laminate

Exterior

Exterior Feature Deck, Lighting

Parking Features Off Street

Roof Type Shingle

Garage No

Private Pool No

Building

Sewer Public Sewer

Structure Type Deck, Lighting

Others

Senior Community No

Tax ID 27-00031-0000-00016

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Monmouth Ocean MLS (MOMLS)
Listed by Exit On The Hudson Realty
Bought with RE/MAX Revolution
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