Find My Perfect Home

 
  • 78 days on site
  • 1 views

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.

Source: Monmouth Ocean Regional MLS, MLS#: 22610008

Listing provided courtesy of Keller Williams Realty Ocean Living- MLS# 22610008MLS Provider
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  • Property Type
    Residential Income
  • Lot
    0.05 acres

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  • Median Age
    48
  • Population Density
    1,438
  • College Educated
    36%
  • Estimated Median Income
    $57,238
  • Estimated Total Home Owners
    1,093
  • Estimated Total Renters
    954
  • Owner / Renter Divide
    53% / 47%
  • Estimated Average Household Size
    2
  • Total Population
    4,351
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 240 Sherman Avenue


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/16/2026Source: Monmouth Ocean Regional MLS Price Reduction
$699,000 -2.2%
4/13/2026Source: Monmouth Ocean Regional MLS Added to Database
April 13, 2026
10/5/2023Source: Monmouth Ocean Regional MLS Added to Database
October 05, 2023
10/5/2023Source: Monmouth Ocean Regional MLS Added to Database
October 05, 2023