$540,000
SOLD MAY 2, 2025
-- Bed
-- Bath
-- Sq Ft
2,396 Sq Ft Lot

Recently Sold

6% Below List Price

42 Days on Market

About This Home

As of May 2025

Investment opportunity knocking!! 2 commercial stores with 5 apartments above it. Ground floor commercial units, one is vacant and the other is rented. Two out of the Five residential units are occupied so you can put new tenants in at todays rental rates! Be part of the redevelopment that has been going on in the up and coming Tennessee Avenue. Easy to show and seller is motivated!

Last Agent to Sell the Property

Anthony Miranda

GRACE PROPERTIES Listed on: 10/30/2024

Co-Listed By

Eugene Williams

GRACE PROPERTIES License #0999705

Last Buyer's Agent

Anthony Marotta

KELLER WILLIAMS REALTY JERSEY SHORE-Margate

KELLER WILLIAMS REALTY JERSEY SHORE-Margate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,199

Lot Details

  • Lot Dimensions are 48x50
  • Building is beachfront but unit may not have water views

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Water Heater

Community Details

  • 7 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,199

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: 4 - 10 Units
  • Lvt Date: 10/30/2024
  • Allow Comsumer Comment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Utilities

  • Air Conditioner: Window Units
  • Heating: Gas-Natural
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Location: Beach Block
  • Lot Dimensions: 48x50

Multi Family

  • Number Of Units: 7
  • Separate Meters: Electric, Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2024
Closed on
May 2, 2025
Sold by
J & N Property Management Llc
Bought by
High Yield Hospitality Llc
Seller's Agent
Anthony Miranda
GRACE PROPERTIES
Buyer's Agent
Anthony Marotta
KELLER WILLIAMS REALTY JERSEY SHORE-Margate
List Price
$575,000
Sold Price
$540,000
Premium/Discount to List
-$35,000
-6.09%
Views
13
Current Estimated Value
$729,830

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,830
Avg. Annual Appreciation
156.35%
Original Mortgage
$405,000
Outstanding Balance
$403,960
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$325,870

Purchase Details

Closed on
Sep 20, 2004
Sold by
Nong Lan
Bought by
J & N Property Management Llc
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $540,000 Surety Title
Bargain Sale Deed $412,500 The Title Company Of Jersey
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $405,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2025 05/02/25 Sold $540,000 -6.1% --
12/11/2024 12/11/24 Pending -- -- --
10/30/2024 10/30/24 For Sale $575,000 -- --
Source: South Jersey Shore Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,199 $353,400 $90,000 $263,400
2024 $12,199 $353,400 $90,000 $263,400
2023 $13,348 $353,400 $90,000 $263,400
2022 $13,348 $353,400 $90,000 $263,400
2021 $13,786 $353,400 $90,000 $263,400
2020 $13,903 $353,400 $90,000 $263,400
2019 $13,446 $337,500 $200,000 $137,500
2018 $11,924 $337,500 $200,000 $137,500
2017 $11,546 $337,500 $200,000 $137,500
2016 $13,028 $337,500 $200,000 $137,500
2015 $11,549 $337,500 $200,000 $137,500
2014 $11,300 $337,500 $200,000 $137,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 590461

South Jersey Shore Regional MLS

APN: 02-00054-0000-00006