240 Sherman Ave Unit 3
Listing Notes
Exceptional investment opportunity awaits with this fully renovated 3-family property, ideally located at the Jersey Shore. Offering immediate cash flow and modern upgrades throughout, this is a true turnkey asset for both seasoned and first-time investors. The front residence features two beautifully updated 1-bedroom, 1-bathroom units, each thoughtfully designed with contemporary finishes. The rear home offers a spacious 2-bedroom, 1-bath layout, perfect for maximizing rental potential or owner occupancy. Every unit has been meticulously upgraded with new flooring, stylish white cabinetry, stainless steel appliances, tankless water heaters, and energy-efficient heating & cooling systems. Additional enhancements include recessed lighting, ceiling fans, & sleek stand-up shower enclosures, delivering both comfort and modern appeal. All three units are fully rented year-round, generating over $55,000 in annual income, making this an immediate income-producing property. Additional features include a convenient coin-operated washer and dryer, as well as dedicated storage for each unit. Whether you're looking to expand your portfolio or live in one unit while renting the others, this versatile property offers endless possibilities.
Price in context
Cheaper than 46% of the 24 homes listed nearby right now, which run $429,900 to $999,900.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 320 Webster Ave Unit B | $429,900 | 2 bd · 1 ba |
| 133 Fremont Ave Unit 4A | $455,000 | 2 bd · 1 ba |
| 225 Grant Ave | $499,000 | 3 bd · 1 ba |
| 129 Fremont Ave Unit B6 | $499,990 | 2 bd · 2 ba |
| 120 Blaine Ave | $549,900 | 3 bd · 2 ba |
| 322 Webster Ave | $559,900 | 4 bd · 2 ba |
| 132 Hancock Ave Apt 3 | $569,900 | 3 bd · 2 ba |
| 315 Grant Ave | $600,000 | 3 bd · 1 ba |
| 257 Sheridan Ave | $625,000 | 3 bd · 1 ba |
| 1010 Boulevard Unit 1D | $639,000 | 2 bd · 2 ba |
| 1214 Central Ave | $649,995 | 3 bd · 2 ba |
| 1010 Ocean Blvd Unit 2B | $674,900 | 3 bd · 2 ba |
| 216 Sheridan Ave | $699,901 | 3 bd · 2 ba |
| 214 Sheridan Ave | $729,901 | 3 bd · 2 ba |
| 233 Sheridan Ave | $750,000 | 4 bd · 2 ba |
| 115 Blaine Ave | $785,000 | 4 bd · 2 ba |
| 614 Bay Blvd | $789,900 | 4 bd · 2 ba |
| 313 Grant Ave | $799,000 | 5 bd · 3 ba |
| 303 Webster Ave | $839,000 | 3 bd · 3 ba |
| 64 Sheridan Ave Unit C | $844,900 | 3 bd · 3 ba |
| 64 Sheridan Ave | $844,900 | 3 bd · 3 ba |
| 610 Barnegat Ave Apt 4 | $849,000 | 4 bd · 4 ba |
| 227 Grant Ave | $929,900 | — |
| 218 Sumner Ave | $999,900 | 5 bd · 4 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more