Home for Sale at Ocean Avenue, Belmar, NJ 07719

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Ocean Avenue, Belmar, NJ 07719
Listing# 21501828
Sold Price: $1,300,000
Sq. Feet: 4718
Type: Commercial
County: Monmouth
    Photo of home for sale at Ocean Avenue Avenue, Belmar NJ
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Property Description:
Fabulous Oceanfront 5 family investment property in the North end of Belmar and just over the bridge from Avon. Fully occupied, excellent tenants. Building meticulously maintained. Spacious furnished turnkey apartments offer an excellent opportunity for the investor. Great for a 1031 Exchange. Two of the first floor units are 2 bedrooms and have washer and dryers included in the units. Three of the second floor units are 1 bedrooms and have a shared common laundry facility. Owner currently renting units on an annual basis. Projected income over $105,000. annually. Only 90 minutes to Manhattan and Philadelphia! Enjoy one of the units and collect the rent from the others. Endless possibilities for the future. Oceanfront properties like this are extremely rare on the Shores of Belmar!

Property Type:Commercial
Listing Status:Sold
Year Built:1967
Square Feet:4718
Parking:Assigned, Off Street, Paved
Heat/AC:Central Air, Forced Hot Air
Heating Fuel:Natural Gas
Water/Sewer:Public Water , Water heater Natural Gas
Lot Description/Location:Level, Oceanfront, Oceanside
Lot Dimensions:50 X 150
Exterior Features:Fenced, Fire Escape, Outdoor Lighting
Common Amenities:Common Laundry
Floors:Other - See Remarks, Tile, W/W Carpet
Listing Price:$1,349,000
Tax Year:2015
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Broker Reciprocity Courtesy of Lorraine B Allen, Ward Wight Sotheby's International Realty


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