303 Sumner Avenue, Unit 1 3 5 6 9 10 11 12

Seaside Heights, NJ 08751

$1,800,000
Price
8
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Amazing investment opportunity just 3 blocks from the ocean, boardwalk, and beaches! This offering includes 8 of the 13 units in a well-maintained building, delivering a remarkable 7.2% cap rate. Perfectly located near entertainment, shopping, and dining, this property is ideal for both seasoned and first-time investors. Four units are currently utilized as Airbnbs, while the other four are rented annually, providing diverse income streams. This prime location ensures high demand year-round, making...Amazing investment opportunity just 3 blocks from the ocean, boardwalk, and beaches! This offering includes 8 of the 13 units in a well-maintained building, delivering a remarkable 7.2% cap rate. Perfectly located near entertainment, shopping, and dining, this property is ideal for both seasoned and first-time investors. Four units are currently utilized as Airbnbs, while the other four are rented annually, providing diverse income streams. This prime location ensures high demand year-round, making it a smart addition to your portfolio. Don't miss this chance to own in a thriving coastal area! Call your agent today for more details and to schedule a showing.
  1. Listed by Sondra Hurley Iannuzzi • Crossroads Realty Executive Office

Property Details for 303 Sumner Avenue, Unit 1 3 5 6 9 10 11 12

Complex/Subdivision
None
Waterview
No
Directions
Bay Blvd to Sumner property on corner of Barnegat ave
LISTING UPDATED: 12/12/2024 08:44 AM

Property Details for 303 Sumner Avenue, Unit 1 3 5 6 9 10 11 12

StatusActive
MLS #22434988
Days on Market10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Multiple Buildings
Year Built1987
Lot Size0.17 AC / 7,405 SF
CountyOcean County

Building Information for 303 Sumner Avenue, Unit 1 3 5 6 9 10 11 12

Stories-Residences8Year Built1987Building Size-Lot Size0.17 AC / 7,405 SF

Property Information for 303 Sumner Avenue, Unit 1 3 5 6 9 10 11 12

Summary
Location and General Information
  • Area/Section: Seaside Heights
  • Postal City: Seaside Heights
  • State: NJ
  • Municipality: Seaside Heights (SEH)
  • # Units in Bldg: 8
  • Unit/Suite #: 1,3,5,6,9,10,11,12
  • Block: 30
  • Apx Year Built: 1987.0
Parking
  • Garage: None
  • Parking: Assigned, Off Street
  • # Car Garage: 0.0
Taxes and HOA Information
  • Tax ID#: 27-00030-0000-00001-01-C0003
  • Tax Year: 2024
Property
Lot Information
  • # Acres: 0.17
  • Lot: 1.01
  • Lot Dimensions: 75 x 100
  • Lot Description: Corner Lot
Property and Assessments
  • Assessment - Total: 102000.0
  • Assessment - Improvements: 42000.0
  • Assessment Status: Assessed
  • Asmnt - Land: 60000.0
  • Possession: At Closing
  • Deed Restricted: No
  • Property Sub-Type: Multiple Buildings
Utilities
  • Fireplace: No
  • Water Heater: Electric
  • Water/Sewer: Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Pool: No
  • Waterfront: No
  • Roof: Shingled
Interior Features
  • Basement: Slab
  • Bedrooms: 8
  • Siding: Vinyl
Multi Family
Unit 1
  • Unit 1: Electric Stove, Refrigerator
  • Unit 1: # Bedrooms: 1
  • Unit 1: # Full Baths: 1
Unit 2
  • Unit 2: Electric Stove, Refrigerator
  • Unit 2: # Bedrooms: 1
  • Unit 2: # Full Baths: 1
  • Unit 2: Rent: $1,350.00
Unit 3
  • Unit 3: Electric Stove, Refrigerator
  • Unit 3: # Full Baths: 1
  • Unit 3: Other: Studio
Unit 4
  • Unit 4: Electric Stove, Refrigerator
  • Unit 4: Other: Studio
Unit 5
  • Unit 5: Electric Stove, Refrigerator
  • Unit 5: # Bedrooms: 1
  • Unit 5: # Full Baths: 1
  • Unit 5: Rent: $1,450.00
Unit 6
  • Unit 6: Electric Stove, Refrigerator
  • Unit 6: # Bedrooms: 1
  • Unit 6: # Full Baths: 1
  • Unit 6: Rent: $1,450.00
Unit 7
  • Unit 7: Electric Stove, Refrigerator
  • Unit 7: # Bedrooms: 1
  • Unit 7: # Full Baths: 1
Unit 8
  • Unit 8: Electric Stove, Refrigerator
  • Unit 8: # Bedrooms: 1
  • Unit 8: # Full Baths: 1
  • Unit 8: Rent: $1,375.00
Income & Expenses Information
  • Income & Expenses: RE Tax Expense: 18500.0
  • Income & Expenses: Insurance Expense: 7530.0
  • Income & Expenses: Water/Sewer Expense: 6000.0
  • Income & Expenses: Other Expense: 13920.0
  • Income & Expenses: Estimated Total Expenses: 45950.0
  • Income & Expenses: Gross Income: 175000.0
  • Income & Expenses: Net Income: 129500.0
  • Landlord Pays: Association Fee
  • Tenant Pays: Electricity

Property History for 303 Sumner Avenue, Unit 1 3 5 6 9 10 11 12

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 303 Sumner Avenue, Unit 1 3 5 6 9 10 11 12

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.

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303 Sumner Avenue, Unit 1 3 5 6 9 10 11 12 is a multi-family home for sale in Seaside Heights, NJ 08751. This property was listed for sale on December 12, 2024 by Crossroads Realty Executive Office, it's currently listed at $1,800,000. 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. 303 Sumner Avenue, Unit 1 3 5 6 9 10 11 12 is a 8-bed, 0-bath, multi-family home built in 1987.

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Listing Courtesy of Crossroads Realty Executive Office

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.