51 Blaine Ave
Seaside Heights, NJ 08751
51 Blaine · Multifamily Property For Sale
·
5 Units
Investment Highlights
- Ocean block, turn key, furnished
- two houses on one property
- excellent rental history
Property Facts
| No. Units | 5 | Lot Size | 0.09 AC |
| Property Type | Multifamily | Building Size | 3,900 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1940/2014 |
| Building Class | C | ||
| Zoning | R - Residential | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 3,900 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1940/2014 |
| Zoning | R - Residential |
About 51 BLAINE AVE , SEASIDE HEIGHTS, NJ 08751
Great Investment opportunity with positive cash flow. OCEAN BLOCK, very desirable. Two amazing homes on one property, a total of 5 units: four 3-bedrooms and 1 studio; all separate utilities. All modern and recently updated with granite countertops, stainless steel appliance and more. Owner intends to leave all furniture: ready for accepting new guest, no additional work needed. Excellent rental history, $100,000 yearly. THIS IS A MUST SEE TO BELIEVE!!! The GRM is 7.5 the capitalization rate is 13.3%. Owner only rented during the summer, additional revenues possible with winter rentals. Enjoy the Jersey Shore Beaches while being the proud owner of a well establish beach home. Seaside values are definitely on the rise and this property is turn key ready!!
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $2,250 | - |
Property Taxes
| Parcel Number | 27-00007-01-00051 | Improvements Assessment | $423,800 |
| Land Assessment | $580,000 | Total Assessment | $1,003,800 |
Property Taxes
