Multi-Family Building with Eight Rooms and One Apartment on Beach Block

  • $275,000
145 S Ocean Ave
  • Investment, Multi-Family
  • Property Type

Multi-Family Building with Eight Rooms and One Apartment on Beach Block

145 S Ocean Ave
  • $275,000

Overview

Property ID: LCRE-LCRE-5491
  • Investment, Multi-Family
  • Property Type
  • Address 145 S Ocean Ave
  • State/county New Jersey
  • Zip/Postal Code 08401

Details

Updated on December 22, 2021 at 12:41 pm
  • Property ID: LCRE-LCRE-5491
  • Price: $275,000
  • Year Built: 1950
  • Property Type: Investment, Multi-Family
  • Property Status: Sold
  • Building SqFt: 4,230
  • Block #: 56
  • Lot #: 19
  • Lot Dimensions: 31' x 60'
  • Number of Buildings: 1
  • Number of Units: 9
  • Number of Stories: 3
  • Frontage: 31'
  • Zoning: RS-C
  • Total Assessment: $225,000
  • Assessed Land Value: $200,000
  • Improvement Value: $25,000
  • Tax: $8,964
  • Tax Year: 2019
  • Air Conditioner: Window Units
  • Exterior Features: Fence
  • Construction/Siding: Brick
  • Heating: Baseboard
  • Location: Beach Block, Boardwalk Area
  • Sewer: Public
  • Specialty Rooms: Kitchen/Kitchenette, Laundry Room
  • Style: Free-Standing
  • Water: Public

Additional details

  • Additional Features:: Patio, Porch, Dining Area, Great Room

Description

Eight Rooms and One Apartment located on Ocean Avenue just behind the Tennessee Avenue Beer Hall & Pic-A-Lilli Pub. Last multifamily building on the street before the Boardwalk creating a great place for short term/vacation rental. Lots of Charm with ocean views. Apartment is three bedrooms with 1.5 baths and a large kitchen. First floor has an office, kitchen and great room creating perfect common areas for a boutique hotel. This building really lays out well and offers lots of amenities in the immediate area for guests. Call for marketing package and private showing. No P & L will be provided, licensed as a hotel.

All information is from sources deemed to be reliable; however, no warranty or representation is made as to the accuracy of the information provided herein by LEVIN Commercial Real Estate, LLC. (its principals, employees or agents). All information is submitted subject to errors, omissions or changes of availability and/or terms, which may be changed without liability upon discovery or notice. Many factors affect property value and the prospect agrees to take full responsibility for adequately investigating any potential conditions that may affect their ownership or usage of the property. All are advised and expected to retain competent advice for legal, financial, construction, architectural, engineering or appraisal matters, or any similar expertise, as LEVIN Commercial Real Estate, LLC. is a real estate brokerage firm and does not represent itself as a qualified professional in any other discipline.

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