82 Mount Zion Way
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82 Mount Zion Way
12 Unit Apartment Building $1,362,366 CAD ($113,531 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$173,809
|
$50.29
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$173,809
|
$50.29
|
| Taxes |
$24,201
|
$7.00
|
| Operating Expenses |
$52,434
|
$15.17
|
| Total Expenses |
$76,635
|
$22.17
|
| Net Operating Income |
$97,174
|
$28.12
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $173,809 |
| Annual Per SF | $50.29 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $173,809 |
| Annual Per SF | $50.29 |
| Taxes (CAD) | |
|---|---|
| Annual | $24,201 |
| Annual Per SF | $7.00 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $52,434 |
| Annual Per SF | $15.17 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $76,635 |
| Annual Per SF | $22.17 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $97,174 |
| Annual Per SF | $28.12 |
Property Facts
| Price | $1,362,366 CAD | Building Class | C |
| Price Per Unit | $113,531 CAD | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 3,456 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment |
| Price | $1,362,366 CAD |
| Price Per Unit | $113,531 CAD |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 3,456 SF |
| No. Stories | 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 | - | - |
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Walk Score ®
Walker's Paradise (95)
Bike Score ®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 35-00131-0000-00005 | Total Assessment | $1,453,259 CAD (2024) |
| Land Assessment | $541,254 CAD (2024) | Annual Taxes | $24,201 CAD ($7.00 CAD/SF) |
| Improvements Assessment | $912,004 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
35-00131-0000-00005
Land Assessment
$541,254 CAD (2024)
Improvements Assessment
$912,004 CAD (2024)
Total Assessment
$1,453,259 CAD (2024)
Annual Taxes
$24,201 CAD ($7.00 CAD/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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