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Multi Family - OCEANSIDE SEC ISLE OF NOR for Sale


Asking Price$1,875,000 Change Price$175,000

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  • Living 3552sqft
  • Taxes $15,654
  • Year Built 1936
  • Days on market:

    76 day(s)
  • Adjusted Area:

    3298 sqft
  • Original Price:

  • Price per sqft:

  • Tax Legal Description:

    OCEAN SIDE SEC ISLE OF NORMANDY PB 25-60 LOT 28 BLK 5 LOT SIZE 56.600 X 126 OR 20170-1663 12 2001 4 COC 25489-1147 02 2007 4
  • Tax Year:

  • Property Type:

    Multi Family
  • Style:

  • Construction Type:

    Cbs Construction
  • Roof:

    Flat TileBarrel Roof
  • Cooling Description:

    Central Air
  • Heating Description:

  • Floor Description:

    Ceramic Floor
  • Lot Features:

    Less Than 1/4 Acre Lot
  • Type of Association:



$1,875,000 • living size area 3552 sqft

**call for offers that can close before end of year** $1.85m discounted price from seller- contingent on acceptable terms and end of year closing 4.84% cap w/upside + value-add (proforma +9% cap). price reduction to the nexus for price & seller capital gains- $1.875m. ************************* renovated 6-unit mf with 10-15% upside in existing rents (as is) & massive value add to unlock via multiple avenues: • strategy 1: add four (4) for units to existing footprint (total 10)- proforma $186k noi equating to $3.1m valuation at 6% cap • strategy 2: full site redevelopment/covered land play- 1.25 far allows 8,915 sf reference crexi listing for details and links in "directions" section of listing

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