140 OCEAN AVE, Point Pleasant Beach, NJ 08742

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Joseph Lam

sales@soldbyturnkey.com +1(856) 305-8329

Listed by Erik Ewell • LPT Realty, LLC

$1,980,000

Est. payment - /mo

2,611 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,611 sqft

Price per Sqft $758

Subdivision Point Pleasant Beach

MLS Listing ID NJOC2038074

Style Other

Abv Grd Liv Area 2,611

Year Built 1936

Annual Tax Amount $9,624

Tax Year 2025

Lot Size 3,402 Sqft

Acres 0.08

Lot Dimensions 0.00 x 0.00

Property Sub-Type Quadruplex

Source BRIGHT

Property Description

Welcome to Point Pleasant Beach! Rent Ready: 6.8% 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.

Location

State NJ

County Ocean

Area Point Pleasant Beach Boro (21526)

Zoning RR1

Rooms

Basement Unfinished

Interior

Hot Water Natural Gas

Heating Central, Forced Air

Cooling Central A/C, Ceiling Fan(s), Multi Units, Window Unit(s)

Flooring Engineered Wood

Equipment Dryer, Washer, Refrigerator, Stove

Appliance Dryer, Washer, Refrigerator, Stove

Heat Source Natural Gas

Exterior

Exterior Feature Deck(s), Patio(s)

Utilities Available Electric Available, Natural Gas Available, Sewer Available, Water Available, Cable TV Available

Water Access N

Roof Type Architectural Shingle

Accessibility 2+ Access Exits

Porch Deck(s), Patio(s)

Garage N

Building

Above Ground Finished SqFt 2611

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

Structure Type Dry Wall

New Construction N

Others

Tax ID 26-00121-00004 01

Ownership Fee Simple

SqFt Source 2611

Acceptable Financing Cash, Bank Portfolio, Conventional, FHA, Private, VA, Exchange, Other

Listing Terms Cash, Bank Portfolio, Conventional, FHA, Private, VA, Exchange, Other

Financing Cash,Bank Portfolio,Conventional,FHA,Private,VA,Exchange,Other

Special Listing Condition Standard

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Joseph Lam

+1(856) 305-8329

Broker Associate | License ID: 0682262

Broker Associate License ID: 0682262

140 OCEAN AVE Point Pleasant Beach, NJ 08742

Joseph Lam

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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140 OCEAN AVE