240 Sherman Avenue, Seaside Heights, NJ 08751

$699,000
4
BD
3
BA

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List Price
$699,000
Status
ACTIVE
Type
Multifamily
MLS#
22610008
Price Change
▼ $16,000 1781674743
Beds
4
Baths
3
Region
Seaside Heights (SEH)
Year Built
1946

Property Description

Exceptional investment opportunity awaits with this fully renovated 3-family property, ideally located at the Jersey Shore. Offering immediate cash flow and modern upgrades throughout, this is a true turnkey asset for both seasoned and first-time investors. The front residence features two beautifully updated 1-bedroom, 1-bathroom units, each thoughtfully designed with contemporary finishes. The rear home offers a spacious 2-bedroom, 1-bath layout, perfect for maximizing rental potential or owner occupancy. Every unit has been meticulously upgraded with new flooring, stylish white cabinetry, stainless steel appliances, tankless water heaters, and energy-efficient heating & cooling systems. Additional enhancements include recessed lighting, ceiling fans, & sleek stand-up shower enclosures, delivering both comfort and modern appeal. All three units are fully rented year-round, generating over $55,000 in annual income, making this an immediate income-producing property. Additional features include a convenient coin-operated washer and dryer, as well as dedicated storage for each unit. Whether you're looking to expand your portfolio or live in one unit while renting the others, this versatile property offers endless possibilities.

Additional Information

Acres
0.05
Price Change
▼ $16,000 1781674743
Taxes
$8,563
Subtype
Three Family
Year Built
1946
Roof
Shingle
Heat Ac
Forced Air
Units
3

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Listing courtesy of Keller Williams Realty Ocean Living. Contact: