Seaside Heights, NJ 08751,225 LINCOLN AVE

$566,000

Est. payment /mo

$599,900

5.7%
Est.Price: ?

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225 LINCOLN AVE Seaside Heights, NJ 08751

2,460 SqFt

SOLD DATE : 05/23/2017

Key Details

Sold Price $566,000

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 2,460 sqft

Price per Sqft $230

Subdivision Seaside Heights

MLS Listing ID NJOC172936

Year Built 1950

Annual Tax Amount $9,467

Tax Year 2016

Property Description

Well maintained Multi-Family Apartments at 225 Lincoln Ave, Seaside Heights. The front building 223 Lincoln Ave has 5 units and the back building 225 Lincoln Ave has 2 units. The two combined buildings offer 6 rented Apartments & 1 Studio. The studio requires some work prior to acquiring CO and will add additional income. With 6 rented units the Cap Rate is 12%. Tenants have 1 year leases and the property has a strong income history. There is (1) 1 Bedroom, (4) 2 Bedrooms, (1) 3 Bedroom and a Studio. This property is conveniently located in Seaside Heights and minutes to the beach and amusements. Income and expense information available upon request. Call today for more information.

Location

State NJ

County Ocean

Area Seaside Heights Boro (21527)

Zoning MULTI-FAMI

Interior

Flooring Vinyl, Fully Carpeted

Equipment Oven/Range - Gas, Refrigerator, Stove

Exterior

Water Access N

Roof Type Shingle

Building

Lot Description Level

Foundation Crawl Space, Slab

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Central Regional Schools

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Kenneth M Grosso • RE/MAX New Beginnings Realty
Bought with Kenneth M Grosso • RE/MAX New Beginnings Realty

Jason Gareau

Broker

+1(609) 929-4486

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