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438 Shore Road, Somers Point, NJ -
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For Sale: $599,000
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| Beds: 0 Baths: 0 Half Baths: 0
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Type: Triplex |
| DOM: 0 Days MLS: 609003 |
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PROPERTY MAP VIEW
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| PROPERTY DESCRIPTION |
| A well-positioned income-producing triplex on one of Somers Point's most traveled corridors, offering immediate cash flow with meaningful upside. This three-unit property sits on Shore Road just minutes from Ocean City, the bay, and Shore Medical Center — a location that keeps units occupied year-round. The building comprises two one-bedroom units and a studio, generating current rents of $1,333, $1,800, and $1,300 per month for a combined gross income of $4,433/month. The third unit — a one-bedroom currently rented at $1,300 — is being offered with a projected post-renovation rent of $1,700/month, representing a straightforward value-add play with a clear path to $4,833/month in stabilized gross income. Built circa 1900 and encompassing approximately 1,795 square feet on a 0.17-acre lot, this property suits an owner-occupant looking to offset carrying costs or an investor seeking a low-maintenance addition to a South Jersey coastal portfolio. The Shore Road location delivers consistent rental demand driven by proximity to the Ocean City bridge, hospital employment, and the broader Atlantic County job market. Whether you're acquiring at current rents or executing the light renovation to push Unit 3 to market rate, the numbers work from day one.
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| AMENITIES |
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Request Property Information - 438 Shore Road, Somers Point NJ
0 Bedroom(s) | 0 Bathroom(s) |
For Sale:
$599,000
| MLS Number: 609003 |
Property Type: Triplex
Provided by: Monihan Realty - www.monihan.com
(Information Above Will Appear At The Top Of The Email That Is Sent to Monihan Realty) |
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 Listing Courtesy of Compass New Jersey-Ocean City (O463E).
© 2015 South Jersey Shore Regional MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional MLS. Real Estate listings held by brokerage firms other than Monihan Realty are marked with the Broker Reciprocity logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is deemed reliable but is not guaranteed. The broker providing these listings to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. The information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties in which they may be interested in purchasing. |
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