Description
This very well kept and income producing 3-family property is situated in Ocean Grove, just 2 blocks away from the beach and boardwalk. Its location close to both the beach and downtown area is a significant advantage, offering easy access to recreational activities and amenities in the area. This property is designed to be income generating as it consists of three separate apartments that can be rented out seasonally, weekly or annually. This provides the potential for a steady stream of rental income, making it an attractive investment opportunity. The ability for the owner to occupy one of the units while collecting income is a nice benefit potentially offsetting their own housing costs. Apartment descriptions: First Floor Apartment: Spacious 1 bedroom/1 bathroom unit. It features a living room, dining room and a private side porch that can be enjoyed year-round. Second Floor Apartment: The second floor apartment has undergone cosmetic upgrades and painting. It offers 2 bedrooms and 2 bathrooms, a living room, dining room, enclosed sun porch and shared balcony. This apartment can be available for sale 'fully furnished', excluding the artwork and can be appealing to buyers looking for a turnkey investment or residence, as they won't need to worry about furnishing the unit themselves. Third Floor Apartment: The third floor apartment has been renovated and consists of 2 bedrooms and 1 bathroom. It also features a living room, flex space and shared balcony. Each apartment has its own washer and dryer, which can be a convenient feature for tenants and can help attract renters. Electric is not separately metered. New AC replaced in 2022. Basement accessible from the first floor apartment.
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5BEDS
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N/AACRES
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4BATHS
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01/2 BATHS
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2,891SQFT
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$398$/SQFT
Description
This very well kept and income producing 3-family property is situated in Ocean Grove, just 2 blocks away from the beach and boardwalk. Its location close to both the beach and downtown area is a significant advantage, offering easy access to recreational activities and amenities in the area. This property is designed to be income generating as it consists of three separate apartments that can be rented out seasonally, weekly or annually. This provides the potential for a steady stream of rental income, making it an attractive investment opportunity. The ability for the owner to occupy one of the units while collecting income is a nice benefit potentially offsetting their own housing costs. Apartment descriptions: First Floor Apartment: Spacious 1 bedroom/1 bathroom unit. It features a living room, dining room and a private side porch that can be enjoyed year-round. Second Floor Apartment: The second floor apartment has undergone cosmetic upgrades and painting. It offers 2 bedrooms and 2 bathrooms, a living room, dining room, enclosed sun porch and shared balcony. This apartment can be available for sale 'fully furnished', excluding the artwork and can be appealing to buyers looking for a turnkey investment or residence, as they won't need to worry about furnishing the unit themselves. Third Floor Apartment: The third floor apartment has been renovated and consists of 2 bedrooms and 1 bathroom. It also features a living room, flex space and shared balcony. Each apartment has its own washer and dryer, which can be a convenient feature for tenants and can help attract renters. Electric is not separately metered. New AC replaced in 2022. Basement accessible from the first floor apartment.
© 2023 Monmouth-Ocean MLS. 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. Data is deemed reliable but is not guaranteed accurate by the MLS or The CG Group | RE/MAX Revolution. Data last updated 2023-11-29T19:22:42.23.
Listing information © 2023 Monmouth-Ocean MLS. Listing provided courtesy of Deana Kreher of Re/Max Gateway: 732-695-1600.