
Courtesy of: Christopher J Carr, HomeZu, support@simplechoicerealty.com
$500,000
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3 bed
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2.00 Bath (3 Full)
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Lot: 0.17 Acres
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Other
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$500,000
805 Shore Concourse Rare 2-Family Investment Property in Cliffwood Beach on Triple Lot Tenant Occupied MAIN HOUSE = $2, 650 / month rent per lease. Occupied since Oct 2021. 3 BR, 1 BA, full basement, partial attic, 961 sqft living space, central HVAC, 3-car driveway. 580 sqft basement not included in 961 sqft living space. Appliances included: upscale refrigerator, stove, dishwasher, washer, dryer DETACHED COTTAGE STUDIO = $1, 150 / month rent per lease. Occupied since Feb 2018. Kitchen + living/bedroom + bathroom, 324 sqft living space, new deck, uses 3-car driveway. There is a third structure on the property, a shed. TOTAL GROSS RENT = $45, 600 year Taxes = $6, 774 year Insurance = $1, 398 year Water & Sewer = $2, 288 year Net cash flow: $35, 140 year At 5.75% cap $500, 000 valuation
Courtesy of: Christopher J Carr, HomeZu, support@simplechoicerealty.com
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