308 Sampson Avenue, Seaside Heights, NJ 08751

$1,299,900
Property Type: Multi-Family Bedrooms: 10 Baths: 6 Square Footage: 3,200 Status: Closed
Current Price: $1,200,000 List Date: 1/27/2023 Last Modified: 5/02/2023

Description

Make 6% on your cost to buy this property. The coin op laundry could make your new car pmt by itself. Has upside on income as present owners are low w their rents, $75,000 net annually. Perfect safe place to park your money and let it work for you. Very easy to run remotely. Strong Cap Rate. Has four 2 bedroom w 2 studio apartments. Super clean from the crawl space up Incl: New roof, New Windows, New Flooring. Maintenance free vinyl siding, stone landscaping, upgraded kitchens & baths, freshly painted w ring camera security system. If you transitioned to Airbnb style rentals, each 2 bedroom unit could do +/-$30,000/year. Park your car and walk to the beach, boardwalk, rides & shopping. 1 Hr from NYC, AC & Philly. P & L avail upon request to qualified buyer. Owners ready

More Information MLS# 22302332

Contract Info

Status: Closed List Date: 2023-01-27 Sold Price: $1,200,000 Current Price: $1,200,000 List Price/SqFt: 406.22 Property Sub-Type: Six Family

Location

House Number: 308 Street Name: Sampson Street Suffix: Avenue County: Ocean Municipality: Seaside Heights (SEH) Postal City: Seaside Heights State: NJ Zip Code: 08751 Area/Section: Seaside Heights Complex/Subdivision: None Tax Unit #: 6 Other Elementary: Hugh J. Boyd Jr. Directions: Make 6% on your cost to purchase this super clean property. Bay Blvd to Sampson # 308. Quiet residential Bayside street. Super Clean, separately metered 6 family.. SEE DOCS TAB FOR CASH FLOW ANALYSIS.

General Property Info

# Units in Bldg: 6 Bedrooms: 10 Full Baths: 6 Total Baths: 6 Apx SqFt: 3200 Lot Dimensions: 50 x 100 Garage: No Pool: No Waterfront: No Waterview: No

Tax and Legal

Deed Restricted: No Taxes: 10900 Tax Year: 2022

Remarks & Misc

Excluded: SEE DOCS TAB FOR CASH FLOW ANALYSIS.

Status Change Info

Under Contract Date: 2023-04-10 Sold Date: 2023-05-01 Sold Price: $1,200,000

Unit 1

# Bedrooms: 1 # Full Baths: 1 Rent: 1210

Unit 2

# Bedrooms: 1 # Full Baths: 1 Rent: 1100

Unit 3

# Bedrooms: 2 # Full Baths: 1 Rent: 1600

Unit 4

# Bedrooms - Unit 4: 2 # Full Baths - Unit 4: 1 Rent: 1200

Unit 5

# Bedrooms: 2 # Full Baths: 1 Rent: 1350

Unit 6

# Bedrooms: 2 # Full Baths: 1 Rent: 1600

Income & Expenses

Insurance Expense: 7000 Estimated Total Expenses: 24000 Gross Income: 100000 Net Income: 76000 Financials Per: Year

Property Features

Unit 1: Electric Meter; Electric Stove; Refrigerator Unit 2: Electric Meter; Electric Stove; Refrigerator Unit 3: Electric Meter; Electric Stove; Refrigerator Unit 4: Electric Meter; Electric Stove; Refrigerator Unit 5: Electric Meter; Electric Stove; Refrigerator Unit 6: Electric Meter; Electric Stove; Refrigerator Interior: Cable TV Basement: Crawl Space Floors: Laminate; See Remarks Cooling: Multi Units Heating: Electric Water Heater: Electric Water/Sewer: Public Sewer; Public Water Siding: Vinyl Roof: Shingled Garage: None Parking: On Street Pool: Other Zoning: Residential Lot Description: Bayside Water Type: Bayside Assessment Status: Assessed Landlord Pays: Sewer; Water; Other - See Remarks Showing: Showing Time
Listing Office: Seaside Heights Realty Inc.
Listing Agent: Michael Loundy
Last Updated: May - 02 - 2023
308 Sampson Avenue, Seaside Heights, NJ 08751- MLS# 22302332
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.