A True Cape May Beauty!! At more than 4200 square feet, this fully renovated 9 bedroom, 6 bath home is just steps from the beach and boasts ocean views from multiple rooms. This fully restored house is currently utilized as a single family home and includes 3 fully functioning kitchens and 3 dining areas that allows many options for this property. Approaching the front door you will be greeted by a large covered front porch (1 of 3 decks & porches) perfect for enjoying time with family and friends. Stepping inside on the first floor you will find 4 bedrooms & 3 baths, including 3 king BR’s, 2 with private baths, a bunk BR, 1 of 2 laundry facilities, a large living room with a functioning wood fireplace, 2 fully equipped kitchens both with dining areas and ocean views. The second floor offers 5 bedrooms, 3 baths, a fully equipped kitchen, dining area, sitting area w/2 sectional sofas and a covered rear deck with ocean views. There is also 3 zone gas forced hot air heat and central air conditioning, 3 hot water heaters, new plumbing, a new roof, reconstructed windows, 2 enclosed outside showers, off street parking for 4 cars on a cobblestone paver driveway and a full 2100 square foot walk out basement. This property has an excellent rental history. Based on the 2018 Rentals already in place the Capitalization rate is 7.26% and with a 20% down payment the property produces a 12.5% return on your cash investment. Note the current owner only rents May through October. Additional revenue can be obtained by expanding the rental opportunities. This property is a MUST SEE as it is being conveyed fully furnished with many extras and is turn key.
Listing courtesy of: JERSEY CAPE REALTY
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