316 15th Ave, Belmar, NJ 07719

Freshly painted in the Key West Style this cozy, "beachy", 3-unit property is only 2.5 blocks from the sand! It comprises a 2 bd/1 ba Front Cottage (800+/- SF) and a Rear Carriage House (1375+/- SF). Your Carriage House includes a 1 bd/1 ba downstairs unit (R#1 @ 400+/- SF), a 2 bd/1ba upstairs unit (R#2 @ 600+/- SF), a garage (350+/- SF) and a garden shed (25+/-SF). There is a nice little shared lawn area between the buildings that is fenced on 3 sides. Your Front Cottage features a great front porch, its own W/D, a dishwasher and a small Yankee cellar. It has all NEW: Roof, front & rear steps/walkways, front porch posts & rails, back stoop, window screens, gas furnace & central A/C. The oil tank was recently removed & passed inspection. Your Carriage House contains a full-sized W/D in the garage for occupant use, and is equipped with several NEW features: Roof, high quality upper story siding, patio surface, LED solar security lights, custom carriage house doors & side entry door, 2 new rear windows, updated electrical & fiber optic panels, and a new 3/4" water line providing excellent water pressure. Unit R#1 is very bright and airy with fresh tropical paint colors. It has new carpets, all new windows and doors with stained glass laminates, a new Andersen storm door, new stainless steel kitchen appliances and a standing shower in the bath. Unit R#2, also with excellent light and air, has 2 new bedroom windows, a new porch/shed window and a standing shower in the bath. It sports a newly renovated kitchen with high quality cabinets & hardware, granite counters, stainless steel appliances, hand cut mahogany finish carpentry and a butcher block prep counter with a foldaway drop leaf. The stairway to this unit has new treads, rails and balusters with a new Andersen storm door at the entrance to its compact porch/shed. Income, Expenses & Utilities: Full monthly rental income potential is $4,600+ based on current market rates. Taxes are $678 monthly. Home insurance is $188 monthly. No flood insurance required (FEMA Flood Zone X, Flood Factor 1). All tenants are cooperative and on year-round, month-to-month arrangements. One water/sewer bill is split proportionally by all occupants. Separate gas accounts for each unit. Your Front Cottage has its own electric and fiber optic accounts. Your two rear Carriage House units split a single electric account and one fiber optic account. Ample driveway parking for 6+/- cars with convenient street parking on Summer weekdays, and at all times off season. Buyer should independently verify all information. LIST PRICE: This is an AS-IS purchase figure that includes ZERO agent/broker commissions.