Property Description

BRAND NEW ROOF & ROOF DECK! Remarkable 5 Unit Corner Building Less than 1/2 Mile from the Ocean. Condo Quality Units. Basement Includes Coin-Operated Laundry and Deeded Storage. Ideal for Developers or Investors looking for Prime rental income!!!

Property Details tap to expand

Building Information

  • Total Units: 5
  • Total Floors: 9
  • Total Bedrooms: 12
  • Total Full Baths: 8
  • Amenities: Bike Path, Highway Access, House of Worship, Laundromat, Marina, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, Tennis Court, T-Station, University, Walk/Jog Trails

Financial

  • APOD Available: Yes
  • Expenses Source: Pro. Forma Available
  • Gross Operating Income: 228000
  • Net Operating Income: 198000

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Unit 4 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1920
  • Type: 5+ Family - 5+ Units Up/Down
  • Foundation Info: Poured Concrete
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73367371
  • Last Updated: 05/14/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
05/14/2025New$3,500,000$716MLSPIN
09/01/2024Expired$3,450,000$706MLSPIN
04/27/2024Active$3,450,000$706MLSPIN
04/23/2024New$3,450,000$706MLSPIN
06/01/2023Expired$3,495,000$715MLSPIN
04/08/2023Active$3,495,000$715MLSPIN
04/04/2023Price Change$3,495,000$715MLSPIN
04/01/2023Expired$3,600,000$736MLSPIN
03/04/2023Active$3,600,000$736MLSPIN
02/28/2023Price Change$3,600,000$736MLSPIN
02/01/2023Active$3,800,000$777MLSPIN
01/28/2023New$3,800,000$777MLSPIN

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Seller's Representative: Meri Galstian, Terratt, LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: n/a
Compensation Based On: Gross/Full Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-05-14 03:05:00

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