$1,899,000

140 Ocean Ave

10

Beds

5

Bath

2,611 Sqft

Point Pleasant Beach, New Jersey, 08742, United States

About the Property

Welcome to Point Pleasant Beach! Rent Ready: 7.1% Cap rate! 135,000 Net Operating Income Year to Date. This 4 unit compound on beach block features 2 buildings with patios, decks, outside showers, and storage. Unit 1 has 4 bedrooms, 2 full bathrooms. Unit 2 has 4 bedrooms, 1 full bathroom. Unit 3 has 1 bedroom, 1 full bathroom. Unit 4 has 1 bedroom, 1 full bathroom. The 2025 rent consists of short term rentals in units 1 and 2, along with month to month rentals in units 3 and 4. There is potential for more income if all units are utilized as short term rentals. One 1 bedroom is currently rented.

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Property Type

Residential

Bedroom

10

Bathroom

5

Area

2,611 Sqft

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Point Pleasant Beach, New Jersey, 08742, United States

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Agent info

ERIK EWELL
NEW ERA REAL ESTATE-D
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6097037906

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140 Ocean Ave

10

5

2,611 Sqft

Point Pleasant Beach, New Jersey, 08742, United States

Residential

10

5

2,611 Sqft

About us

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140 Ocean Ave

10

5

2,611 Sqft

Point Pleasant Beach, New Jersey, 08742, United States

Residential

10

5

2,611 Sqft

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About us

Get in touch with us