Description
NO MORE SHOWINGS. Multiple offers received. Highest and best by 5pm Friday 9/15. *AFFORDABLE LIVING IN SOMERS POINT* - DUPLEX, 2 BEDROOM 1 BATH Rent prices are extreme and won't be changing any time soon. The solution?Purchase a duplex and live in one unit, rent out the other. Take a look at this side-by-side rancher on a quiet street in popular Somers Point. Unit A is vacant and move-in ready - 2 bedrooms, 1 bath and newly renovated. The other unit has an identical layout and is occupied by a long-term tenant for $1500 a month (who always pays on time). Enjoy a fenced in yard, off-street parking, in-unit laundry, dishwasher, gas heat, central A/C, and more. *INVESTORS - POTENTIAL 9-10% CAP RATE* - Tenants pay for all utilities including water, lawn care and snow removal. Landlord's expenses are only $7k taxes, $1200 insurance, and sewer. Occupied unit has yearly lease in place with approximately 11 months left - ideal long-term tenant that always pays on time, $1500 a month. The empty unit is newly renovated and could rent easily for $1700 a month. Easy money so act fast before it's too late. * As-is Sale. A/C isn't working in front unit *
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
NO MORE SHOWINGS. Multiple offers received. Highest and best by 5pm Friday 9/15. *AFFORDABLE LIVING IN SOMERS POINT* - DUPLEX, 2 BEDROOM 1 BATH Rent prices are extreme and won't be changing any time soon. The solution?Purchase a duplex and live in one unit, rent out the other. Take a look at this side-by-side rancher on a quiet street in popular Somers Point. Unit A is vacant and move-in ready - 2 bedrooms, 1 bath and newly renovated. The other unit has an identical layout and is occupied by a long-term tenant for $1500 a month (who always pays on time). Enjoy a fenced in yard, off-street parking, in-unit laundry, dishwasher, gas heat, central A/C, and more. *INVESTORS - POTENTIAL 9-10% CAP RATE* - Tenants pay for all utilities including water, lawn care and snow removal. Landlord's expenses are only $7k taxes, $1200 insurance, and sewer. Occupied unit has yearly lease in place with approximately 11 months left - ideal long-term tenant that always pays on time, $1500 a month. The empty unit is newly renovated and could rent easily for $1700 a month. Easy money so act fast before it's too late. * As-is Sale. A/C isn't working in front unit *
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