SOLD! Newly Refinished 5-Unit Apartment Building One Block from the Beach and Boardwalk

  • $300,000
24 S Florida Ave
  • Investment, Multi-Family
  • Property Type

SOLD! Newly Refinished 5-Unit Apartment Building One Block from the Beach and Boardwalk

24 S Florida Ave
  • $300,000

Overview

  • Investment, Multi-Family
  • Property Type
  • Address 24 S Florida Ave
  • State/county New Jersey
  • Zip/Postal Code 08401

Details

Updated on September 26, 2022 at 1:34 pm
  • Price: $300,000
  • Property Type: Investment, Multi-Family
  • Property Status: Sold
  • Building SqFt: 2,918
  • Block #: 166
  • Lot #: 17
  • Current Occupancy: 100%
  • Lot Dimensions: 25' x 90'
  • Lot Size: 0.0517 Acre
  • Number of Buildings: 1
  • Number of Units: 5
  • Number of Stories: 3
  • Parking Type: One and a half car attached garage
  • Zoning: RS-C
  • Total Assessment: $153,000
  • Assessed Land Value: $70,000
  • Improvement Value: $83,000
  • Tax: $6,019
  • Tax Year: 2020
  • Air Conditioner: Window Units
  • Construction/Siding: Wood Frame
  • Heating: Radiator
  • Hot Water: Gas
  • Location: Boardwalk Area
  • Roof: Pitched
  • Separately Metered: Electric
  • Sewer: Public
  • Style: Free-Standing
  • Water: Public
  • Number of Efficiency Units: 1
  • Number of 1-Bedroom Units: 2
  • Number of 2-Bedroom Units: 2

Description

Newly refinished 5-unit apartment building one block from the beach and boardwalk. 100% occupied immediately following the completion of the work. Good rents. Two-1 Bedroom units, Two-2 Bedroom units and One large efficiency with kitchen. Two units are separately metered for electric the other three are spread out on two additional electric meters. Seller is retiring, feel free to reach out and discuss further.

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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