Point Pleasant Beach, NJ 08742,140 OCEAN AVE
Point Pleasant Beach, NJ 08742,140 OCEAN AVE
Point Pleasant Beach, NJ 08742,140 OCEAN AVE
Point Pleasant Beach, NJ 08742,140 OCEAN AVE
Point Pleasant Beach, NJ 08742,140 OCEAN AVE
Point Pleasant Beach, NJ 08742,140 OCEAN AVE
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$ 1,899,000
Est. payment | /mo

2,611 SqFt


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$ 1,899,000
Est. payment | /mo
Save

2,611 SqFt

Open House

Fri Mar 06, 5:00pm - 6:30pm

Sun Mar 08, 3:00pm - 4:30pm

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,611 sqft

Price per Sqft $727

Lot Size 3,402 Sqft

MLS Listing ID NJOC2038074

Financing Cash,Bank Portfolio,Conventional,FHA,Private,VA,Exchange,Other

Style Other

Subdivision Point Pleasant Beach

Total Units 4

Short Sale No

Originating MLS BRIGHT

Property Description

Welcome to Point Pleasant Beach! Rent Ready: 7.1% 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.

Location

State NJ

County Ocean

Area Point Pleasant Beach Boro (21526)

Zoning RR1

Rooms

Basement Unfinished

Interior

Hot Water Natural Gas

Heating Central, Forced Air

Cooling Central A/C, Ceiling Fan(s), Multi Units, Window Unit(s)

Flooring Engineered Wood

Equipment Dryer, Washer, Refrigerator, Stove

Appliance Dryer, Washer, Refrigerator, Stove

Heat Source Natural Gas

1-purchase type For Sale

Exterior

Exterior Feature Deck(s), Patio(s)

Utilities Available Electric Available, Natural Gas Available, Sewer Available, Water Available, Cable TV Available

Waterfront N

Water Access N

Roof Type Architectural Shingle

Accessibility 2+ Access Exits

Porch Deck(s), Patio(s)

Parking Type Off Site, Parking Lot

Building

New Construction N

Lot Dimensions 0.00 x 0.00

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

Others

Tax Amount $9,624

Tax Year 2025

Tax ID 26-00121-00004 01

Ownership Fee Simple

SqFt Source 2611

Acceptable Financing Cash, Bank Portfolio, Conventional, FHA, Private, VA, Exchange, Other

Special Sale Standard

Bright MLS (BMLS)
Listed by Erik Ewell • LPT Realty, LLC

Nearby Locations

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