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106 Forman Avenue, Point Pleasant Beach
$1,575,000
6 Beds ⋅ 4 Baths
Finally easier to show! Tenants have all moved out for the season. 106 Forman offers the perfect blend of classic shore charm and strong rental potential. Featuring 6 bedrooms and plenty of space for gathering, this home has a proven rental history and is ideal as an investment property, summer getaway, or year-round retreat. One of the standout features is the large front porch -- the perfect spot for morning coffee, evening cocktails, or relaxing after a day at the beach. Inside, the spacious layout comfortably accommodates family and guests, while the unbeatable location keeps you close to everything the Jersey Shore has to offer. A rare opportunity to own a spacious beach home in a prime location with established rental income potential.

106 Forman Avenue, Point Pleasant Beach

Listing courtesy of Barefoot Real Estate LLC. Contact:

511 Bay Avenue, Point Pleasant Beach
$1,550,000
Mixed-Use Investment Opportunity | Strong In-Place Cash Flow + Value-Add Upside | Point Pleasant Beach Well-positioned mixed-use property in Point Pleasant Beach featuring 2 retail storefronts and 2 residential apartments, fully occupied by long-term, stable tenants with exceptional occupancy history and strong retention. Income Overview Retail Unit 1: $3,100/month (20-year tenant) Retail Unit 2: $3,000/month (10-year tenant) 2BR Apartment: $1,900/month (8-year tenant) 3BR Apartment: $2,600/month (3-year tenant) Annual Gross Income: $127,200 Key Investment Highlights Strong in-place cash flow with minimal historical vacancy All tenants currently month-to-month but seeking long-term lease renewals Clear opportunity to stabilize leases and implement annual rent increases Resi feature electric heat (tenant-paid); commercial units utilize gas heat (tenant-paid) One retail space fully renovated; second retail unit offers solid condition with improvement upside Residential apartments are functional and well-maintained with early-2000s finishes Value-Add Opportunity Immediate lease-up potential through formal long-term lease conversions Built-in rental growth strategy via structured annual increases Approximately 1,000 SF of additional second-floor space currently used as tenant storage at no cost, offering future expansion or conversion potential (subject to approvals) Light cosmetic upgrades and strategic repositioning can further enhance rents and NOI Financial Summary Strong in-place income base Attractive stability from long-term tenancy profile Multiple levers for NOI growth through lease restructuring and space optimization Estimated upside through rent adjustments and optional expansion of usable square footage Investment Profile A rare opportunity to acquire a stabilized mixed-use asset with embedded upside in a high-demand coastal market, suitable for investors seeking: Durable cash flow Low turnover tenancy Lease-driven NOI growth Value-add repositioning potential in a prime shore location

511 Bay Avenue, Point Pleasant Beach

Listing courtesy of Keller Williams Realty Spring Lake. Contact:

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