Property Overview
Price/Rent PSF $ 1,250,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 7,418
Date Available 09/10/2019
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Floors 2
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Description

Location
2 multifamily properties located 1 block apart. The immediate area is primarily Single Family and Multi-Family Residential. Close proximity to the beach, shopping and entertainment, and route 35 and 37.

Sale
100% Occupied 10-unit portfolio with annual tenants. Consists of 2 addresses located 1 block apart:

1.: 325 Blaine Ave, Seaside Heights, NJ 08757
-Consists of a ranch-style front building with two 2-bedroom units and a 2-story rear building with two 2-bedroom units.

2.: 321 Grant Ave, Seaside Heights, NJ 08757
-Consists of a 2-story front building with two 4-bedroom units and a 2-story rear building with four 2-bedroom units

All tenants pay their gas and electric, some pay water and sewer. Owner recently installed separate water meters at 1 property the other had separate meters already. Recent improvements include: new siding, windows, electrical and plumbing upgrades, new hot water heaters, and heating systems, new gas lines, deck, and steps reinforcements and added new common laundry room ready for machines.

Location