Description
Great Investment opportunity with positive cash flow. OCEAN BLOCK, very desirable. Two amazing homes on one property, a total of 4 units: four 3-bedrooms all separate utilities. All modern and recently updated with granite countertops, stainless steel appliance and more. Owner intends to leave all furniture: ready for accepting new guest, no additional work needed. Excellent rental history, $100,000 yearly. THIS IS A MUST SEE TO BELIEVE!!! The GRM is 7.5 the capitalization rate is 13.3%. Owner only rented during the summer, additional revenues possible with winter rentals. Enjoy the Jersey Shore Beaches while being the proud owner of a well establish beach home. Seaside values are definitely on the rise and this property is turn key ready!!
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Information Source: Monmouth Ocean Regional REALTORS®
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Updated: 17th January, 2021 2:12 PM
