With a portal you can:
- Save your searches
- Get updates on listings
- Track listings
- Add notes and messages
- Personalize your dashboard
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
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.