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This fantastic property is located one and a half blocks from the beach, with views of the ocean from the upper deck. The entire property was thoroughly updated approximately 12 years ago and features a total of 3 spacious two bedroom units. This property provides endless opportunities! It could remain as it is and be used to collect the rental incomes from all three units or you could rent two units and use the third vacant unit as your own summer place just a block and a half from the beach. When fully rented this building brings in approximately 42000.00 annually on year leases. Rents here have not been raised in years! Rent increases or converting to a weekly or seasonal summer rental could lead to higher annual income. Others with similar buildings on this street have gone through the process and separated the units into independent condos and sold them individually. Buyer would be responsible to verify any zoning change options or questions with the city zoning office. The first floor has a private entrance, 2 bedrooms, 1 full bathroom, kitchen and living room. The 2nd floor is a bright and spacious 2 bedroom, 2 full bathroom unit. It also offers a kitchen, dining room, living room, large sun room, front and rear deck. The third floor was updated in December 2018. It is a 2 bedroom, 2 full bathroom unit with a front and rear deck. It has been painted through out, has new appliances, new carpet, many new lights, a sun room with views towards the ocean, and a new water heater and a/c system. This unit also features kitchen, dining room and living room.All three units include the following features: Refrigerator, Range, Dishwasher, Washer/Dryer. Kitchens, Dining rooms and bathrooms all offer tile floors! The roof was replaced approximately 4 years ago. Two garages are included. Please do not disturb tenants all appointments must be confirmed in advance.
Listing courtesy of Keller Williams Realty - Cherry Hill.
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Data last updated: 02/17/2019.
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