247 Sherman Avenue

Seaside Heights, NJ 08751

$859,000
Price
5
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Outstanding investment opportunity with strong cash flow. Seller is open to partial owner financing. This is your chance to own a profitable investment property in the heart of Seaside Heights! This three-family property features beautifully renovated units, with a combination of modern upgrades and excellent rental roll in one of NJ'S hottest beach towns. Furniture included. The two-family home in the back of the main house can pay the bills while you reside in the front house. Excellent AIRBNB...Outstanding investment opportunity with strong cash flow. Seller is open to partial owner financing. This is your chance to own a profitable investment property in the heart of Seaside Heights! This three-family property features beautifully renovated units, with a combination of modern upgrades and excellent rental roll in one of NJ'S hottest beach towns. Furniture included. The two-family home in the back of the main house can pay the bills while you reside in the front house. Excellent AIRBNB rent roll which is perfect for short term rentals and cash flow maximization. Take advantage of booming Seaside Heights, where the properties continues to gain value. Whether your an investor or looking for a beachside home with income potential property, this is a true money-maker!
  1. Listed by Lauren E Servidio • O'Brien Realty, LLC

Property Details for 247 Sherman Avenue

Complex/Subdivision
None
Waterview
No
Directions
Garden State Parkway to 37E to 35N to Bay Blvd to Sherman.
LISTING UPDATED: 10/16/2024 12:24 PM

Property Details for 247 Sherman Avenue

StatusActive
MLS #22428573
Days on Market32
Taxes$5,271 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Three Family
Year Built1940
Lot Size0.05 AC / 2,178 SF
CountyOcean County

Building Information for 247 Sherman Avenue

Stories2Residences3Year Built1940Building Size-Lot Size0.05 AC / 2,178 SF

Property Information for 247 Sherman Avenue

Summary
Location and General Information
  • Area/Section: Seaside Heights
  • Postal City: Seaside Heights
  • State: NJ
  • Municipality: Seaside Heights (SEH)
  • # Units in Bldg: 3
  • Block: 54
  • Apx Year Built: 1940.0
Parking
  • Garage: No
  • # Car Garage: 0.0
Taxes and HOA Information
  • Tax ID#: 27-00054-0000-00051
  • Taxes: $5,271.00
  • Tax Year: 2023
Property
Lot Information
  • # Acres: 0.05
  • Lot: 51
  • Lot Dimensions: 20 x 100
Property and Assessments
  • Assessment - Total: 231100.0
  • Assessment - Improvements: 141100.0
  • Assessment Status: Assessed
  • Asmnt - Land: 90000.0
  • Possession: At Closing
  • Deed Restricted: No
  • Property Sub-Type: Three Family
Utilities
  • Water Heater: Natural Gas
  • Water/Sewer: Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Pool: No
  • Waterfront: No
Interior Features
  • # Levels: 2
  • Basement: Slab
  • Bedrooms: 5
Multi Family
Unit 1
  • Unit 1: AC Unit, Refrigerator, Electric Meter, Gas Stove
  • Unit 1: # Bedrooms: 2
  • Unit 1: Bedroom Level: 1
  • Unit 1: # Full Baths: 1
  • Unit 1: Kitchen Level: 1
  • Unit 1: Living Room Level: 1
Unit 2
  • Unit 2: AC Unit, Refrigerator
  • Unit 2: # Bedrooms: 2
  • Unit 2: Bedroom Level: 2
  • Unit 2: # Full Baths: 1
Unit 3
  • Unit 3: Refrigerator
  • Unit 3: # Bedrooms: 1
  • Unit 3: Bedroom Level: 1
  • Unit 3: # Full Baths: 1
  • Unit 3: Kitchen Level: 1
  • Unit 3: Living Room: 1
  • Unit 3: Living Room Level: 1

Property History for 247 Sherman Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 247 Sherman Avenue

Taxable ValueLand$90,000Additions$110,400Total$200,400
Tax Record2022$5,012 ($418 / month)
Home Facts
Beds1Total Finished SqFt1,216 SqFtAbove Grade Finished SqFt1,216 SqFtStories2Lot Size2,000 SqFtStyleSingle Family ResidenceYear Built1940ZoningLDRCountyOCEANAPN27 00054-0000-00051

Schools near 247 Sherman Avenue

This home is within Seaside Heights School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Hugh J Boyd Jr Elementary School
PublicPK to 6

Central Regional Middle School
Public7 to 8

Central Regional High School
Public9 to 12

Toms River High - East High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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247 Sherman Avenue is a multi-family home for sale in Seaside Heights, NJ 08751. This property was listed for sale on October 1, 2024 by O'Brien Realty, LLC, it's currently listed at $859,000. It has been on the market for a total of 32 days and was last sold on April 3, 2023. This listing's school districts are Seaside Heights School District, Central Regional School District, Toms River Regional School District. Nearby schools include Hugh J Boyd Jr Elementary School, Central Regional Middle School and Central Regional High School. 247 Sherman Avenue is a 5-bed, 0-bath, multi-family home built in 1940.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of O'Brien Realty, LLC

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.