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Key Details
Sold Price $1,600,000
Property Type Multi-Family
Sub Type 4 - 10 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 575756
Sold Date 08/31/23
Bedrooms 5
Annual Tax Amount $14,749
Tax Year 2022
Property Description
Investment Alert, income property just a short 3 min walk to the beach. This property consists of (4)- two bedroom one bath units, (1)- one bedroom one bath unit, (1)- store front unit currently rented to a hair salon, a storage room or office with powder room, and (6)- large storage garages. There are actually two lots and three structures included with plenty of off-street parking. The four 2br 1ba units are rented weekly in the summer months for $1750/week they have all been tastefully remodeled with new AC/Heat split units, flooring, baths, windows, doors, all new furnishings (see pics) and more. Each unit has their own washer and dryer. The 1br unit is used by the owner at this time. All of the 6garages are rented between $375 and $450/month. Store front brings in $1200/mo. Insurances run $7,000 per year, water usage averages$900/year and sewer $1800/year. The roof has been replaced and fresh paint on both buildings, outside electric updated as well. May be suitable for condo conversion.
Location
State NJ
County Atlantic
Community Brigantine
Area Brigantine City
Location Details Beach Block
Rooms
Basement Crawl Space
Interior
Heating Electric, Forced Air, Heat Pump, Multi-Zoned
Exterior
Exterior Feature Brick, Masonry/Block, Stucco
Garage Detached Garage
Building
Sewer Public Sewer
Water Public
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