Seaside Heights portfolio
321 Grant Ave 325 Blaine Ave, , Seaside Heights, New Jersey 08751
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.
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.
- 9% Cap Rate
- 100% occupied
- upside potential
8/14/2019 10:39:38 AM
8/14/2019 4:10:13 PM