120-136 Sumner Avenue 120-136 Sumner Avenue Seaside Heights, New Jersey 08751 United States
120-136 Sumner Avenue Seaside Heights, New Jersey 08751 United States
$5,499,900
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Sea Palace Inn and Sea Palace Motel. 2 Building compound steps from the beach on the main corridor into town. Well run and super clean multiple properties for the price of one. Gross income in excess of $1,100,000.00. NOI could be over...
- Commercial
- Property type
- 22201193
- Web Id
- 22201193
- MLS ID
- 168
- days ago
About 120-136 Sumner Avenue
Sea Palace Inn and Sea Palace Motel. 2 Building compound steps from the beach on the main corridor into town. Well run and super clean multiple properties for the price of one. Gross income in excess of $1,100,000.00. NOI could be over $800,000.00. Huge double digit Cap Rate over 14%. 44 units plus mgrs unit. Handicap access includes a large elevator. These well maintained properties are steps to the beach and have a significant upside as the owner runs only part of them year around. Great opportunity for an owner operator to step into a monster income. Located 1 hr from NYC, Philly and AC off Pky Exit 82. Shows very well. Need POF to book appointments.
PROPERTY INFORMATION
- Basement
- Other
- Heating
- See Remarks
- Parking Description
- Off Street, On Site
EXTERIOR
- Exterior Features
- Handicapped, Lighting, Security System, Sign
- Lot Description
- Corner Lot, Curbing, Highway Frontage, Landscaped, Oceanside, See Remarks, Sidewalks
- Roofing
- A-Frame, Shingled
INTERIOR
- Flooring
- Tile
- Interior Features
- Handicapped
ADDITIONAL INFORMATION
- ANNUAL PROPERTY TAX
- $63, 798
Listed by Seaside Heights Realty Inc.
Seaside Heights Realty Inc.
Marlene Albrecht
Phone: +1 732.615.9898
Mobile: +1 732.735.1765
1020 Highway 35
Middletown, New Jersey 07748 United States
Listed by Seaside Heights Realty Inc.