Larry Levin, Realtor
BEDS0
BATHS
SQUARE FEET2,611
MLS#NJOC2038074
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONPOINT PLEASANT BEACH
Property Description
Welcome to Point Pleasant Beach! Rent Ready: 7.2% Cap rate! $135,000 Net Operating Income Year to Date. This 4 unit compound on beach block features 2 buildings with patios, decks, outside showers, and storage. Unit 1 has 4 bedrooms, 2 full bathrooms. Unit 2 has 4 bedrooms, 1 full bathroom. Unit 3 has 1 bedroom, 1 full bathroom. Unit 4 has 1 bedroom, 1 full bathroom. The 2025 rent consists of short term rentals in units 1 and 2, along with month to month rentals in units 3 and 4. There is potential for more income if all units are utilized as short term rentals. One 1 bedroom is currently rented.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Cooling: Central A/C, Ceiling Fan(s), Multi Units, Window Unit
Fuel Type: Natural Gas
Heating: Central, Forced Air
Lot Size: 0.08 Acres
Roof Type: Architectural Shingle
Taxes: $9,624
Year Built: 1936
Feature Descriptions
Accessibility: 2+ Access Exits
Additional Structures: Above Grade, Below Grade
Appliances: Dryer, Washer, Refrigerator, Stove
Days on Site: 153
Exterior: Frame
Exterior: Outside Shower, Secure Storage
Flooring: Engineered Wood
Location: Oceanblock
Lot Dimensions: 0.08 Acre(S)
Municipality: POINT PLEASANT BEACH BORO
One Bedroom Units: 2
Sewer: Public Sewer
Structure Type: Other
Units: 4
Utilities: Electric Available, Natural Gas Available, Sewer Available, Water Available, Cable TV Available
Water: Public
Listed By / Shown By
Listed By
Agency Name: LPT Realty, LLC
Agency Phone: 8773662213
Shown By
Agent Name: Larry Levin
Agent Phone: Cell: (267) 808-6565
Agency Title: RealtyMark
Estimate Your Payment
Estimated Payment
$ 5,521.81 per month $4,172.94 Principal & Interest $802.00 Property Tax $546.88 Homeowner's InsuranceChange Payment Information
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140 Ocean Avenue | MLS# NJOC2038074
This multi-family property located at 140 Ocean Avenue, Point Pleasant Beach, NJ 08742 is currently listed for sale with an asking price of $1,875,000. Search Point Pleasant Beach real estate on www.livelovephilly.com today.