Bay Home Off Market
Great investment located in Bungalow Park and across from the bay!! This corner property consists of two units: One commercial store rents $1,700 per month ( tenant pays half of the water) and is currently on time, lease is *month/month* and the tenant has occupied the unit since 2016. - Upstairs needs updating and is large two-story 3 Br 1BA with lots of space and can rent for $1,600-$1,700 per month depending - on finishes. - Property is being sold strictly *AS IS,* and the price is reflective of the condition. - Some of the contents of the commercial store belong to the tenant and are not included in the sale--possible owner financing with 30% down (short term). $1,730 Cash flow, 19.77% COC ROI (based on 5% vac, 5.5% int, and $50,000 repairs upstairs unit), 16.98 cap rate.Property Details
- Beds: 3
- Baths: 1.0
- Sq Feet: 2697
- Year Built: 0
- Location: Great Bay
- Bayfront: Yes
- Bayview: Yes
- County: Atlantic County
- Siding: Brick,Vinyl Siding
- Property Taxes: $6,043
- MLS #: 555867
Location
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Ad Statistics:
| Ad Number : | 2061800 |
| Viewed: | 130 times |
| Added: | Sep 28, 2021 |
| Updated on: | Jan 21, 2022 |
| All information provided is deemed reliable but is not guaranteed and should be independently verified. | |
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