Outstanding rental income/history with strong cash flow and room to increase. This rare "turn-key" investment property had two units which have been fully remodeled and features significant upgrades not found in most rental properties. Property has a large lot that is close to the popular Belmar shopping area, parks, and schools while retaining a more relaxed country feel.
Larger unit is vacant by seller's choice to allow maximum flexibility to buyer to owner-occupy or increase rental rate to full market potential. This unit was renting for $1,400 to a long-term tenant. Current market could provide $1,500-$1,550 rent for new tenant.
This unit includes slate flooring in open concept family and kitchen area. Separate laundry and half bath convenience for guest. The upstairs has a master with wall-to-wall closet. A large deck and back yard with storage shed and attached one car garage is perfect for an owner unit.
This unit is currently occupied and the lease expires May 31, 2016. Rent is $1,300+$50 pet rent. Tenants are reliable and on their second year.
While less square footage, this unit is efficient and comfortable. A stack-able washer/dryer unit are included. Large yard is desirable for tenants with pets and the attached one car garage is excellent for convenience and storage.