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 *
Total Rooms | |
Full Bath | 0 |
# of Stories | |
Year Build | 1970 |
Lot Size | |
Tax | 7166.00 |
SQFT |
OutsideFeatures | Fenced Yard, Sidewalks |
OtherRooms | Dining Area, Kitchen, Laundry/Utility Rm, Living Room |
Cooling | Central |
Sewer | Public Sewer |
Bedrooms | 0 |
Half Bath | 0 |
# of Stories | |
Lot Dimensions | |
# Units | Duplex |
Tax Year | 2022 |
Area | Somers Point City |
ParkingGarage | None |
Heating | Forced Air, Gas-Natural |
Water | Public |