Special offer

INVESTMENT RENTAL BAYFRONT INCOME OR BUILD NEW LBI Stafford NJ

By
Managing Real Estate Broker with Garabedian Realty Group

Public Remarks THIS ONE LARGE BAY FRONT LOT LOCATED ON CEDAR BONNET ISLAND IN MANAHAWKIN STAFFORD TOWNSHIP ACROSS THE BARNEGAT BAY FROM THE SHIP BOTTOM BOAT RAMPS AND DOCKS, HAS ONE DAMAGED DUPLEX ONE STORY DWELLING THAT RENTED YEARLY BEFORE SANDY FOR $1,000 EACH UNIT MONTHLY. THERE IS ALSO A RAISED CONTEMPORARY WITH PILINGS WITH GARAGE STUDIO 2 BEDROOMS 2 BATHS WITH CATHEDRAL CEILINGS AND BAY VIEWS GALORE. CONTEMPORARY CURRENTLY HAS YEAR ROUND TENANTS THAT PAY $1400 MONTH ON A YEAR LEASE WHICH EXPIRES THIS FALL BUT HAS CLAUSE IF SOLD TENANTS TO VACATE WITHIN 30 DAYS. WATCH THE SHIP BOTTOM BOAT RAMP ACTIVITIES AND CONCERTS FROM THE UPPER DECK. NEW VINYL BULKHEAD. AS PER OWNER PROPERTY DID HAVE A 100 FOOT DOCK BUT WAS TAKEN DOWN AROUND 1979. BUYER TO DO DUE DILIGENCE REF TO RIPARIAN LEASE WITH THE STATE OF NJ AND BUILDING CODE DEPT WITH STAFFORD TOWNSHIP. INVEST AND GENERATE SUMMER RENTAL OR YEAR ROUND RENTAL RETURNS OR TEAR DOWN BOTH FOR LARGE BAY FRONT HOME ON THIS QUAINT LITTLE ISLAND ALONG THE BAY OF LBI.

Contact: 

Charlene Capici Managing Broker

Garabedian Realty Group

1111 North Long Beach Blvd., Surf City, NJ 08008

TEXT OR CALL CELL 609-312-6625

 

Comments(0)