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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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.

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.