82 Mount Zion Way
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82 Mount Zion Way
12 Unit Block of Flats £764,649 (£63,721/Unit) Ocean Grove, NJ 07756
Executive Summary
WELCOME TO NORTH SHORE HOUSE IN BEAUTIFUL OCEAN GROVE! GREAT PRICE investment opportunity in Ocean Grove! Prime location: this CLEAN licensed rooming house with 11 rooms, 1 studio apartment & 2 bathrooms is located only 4 blocks from the beachfront, 2 blocks from the Great Auditorium, 3 minute walk to footbridge to Asbury Park or walk/bike to all the wonderful shops & restaurants on Ocean Grove's Main Street. Find original hardwoods & vinyl floors, oversized living room with stone adorned fireplace and dining room & spacious kitchen for resident use. Roof & furnace are 10 years. There are so many possibilities for this investment including converting it into a single family home, your vacation home or Airbnb here in iconic, beautiful & quaint Ocean Grove! Income & Expense Sheet is avai
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£97,553
|
£28.23
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£97,553
|
£28.23
|
| Taxes |
£13,583
|
£3.93
|
| Operating Expenses |
£29,429
|
£8.52
|
| Total Expenses |
£43,013
|
£12.45
|
| Net Operating Income |
£54,540
|
£15.78
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £97,553 |
| Annual Per SF | £28.23 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £97,553 |
| Annual Per SF | £28.23 |
| Taxes | |
|---|---|
| Annual | £13,583 |
| Annual Per SF | £3.93 |
| Operating Expenses | |
|---|---|
| Annual | £29,429 |
| Annual Per SF | £8.52 |
| Total Expenses | |
|---|---|
| Annual | £43,013 |
| Annual Per SF | £12.45 |
| Net Operating Income | |
|---|---|
| Annual | £54,540 |
| Annual Per SF | £15.78 |
Property Facts
| Price | £764,649 | Building Class | C |
| Price Per Unit | £63,721 | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 3,456 SF |
| No. Units | 12 | Number of Floors | 3 |
| Property Type | Residential | Year Built | 1920 |
| Property Subtype | Apartment |
| Price | £764,649 |
| Price Per Unit | £63,721 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 3,456 SF |
| Number of Floors | 3 |
| Year Built | 1920 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 10+3 | 12 | - | - |
1 of 1
Walk Score ®
Walker's Paradise (95)
Bike Score ®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 35-00131-0000-00005 | Total Assessment | £810,206 (2024) |
| Land Assessment | £301,755 (2024) | Annual Taxes | £13,583 (£3.93/sf) |
| Improvements Assessment | £508,451 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
35-00131-0000-00005
Land Assessment
£301,755 (2024)
Improvements Assessment
£508,451 (2024)
Total Assessment
£810,206 (2024)
Annual Taxes
£13,583 (£3.93/sf)
Tax Year
2023
zoning
| Zoning Code | HD1F (See Zoning Regulations Attachment) |
| HD1F (See Zoning Regulations Attachment) |
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82 Mount Zion Way
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