|Type: Condo Duplex||Style: Duplex|
|City: Ocean City||Area: Gold Coast|
|Sq ft: 0||Dimensions: 45x100|
Whole Building –FANTASTIC & RARE OPPORTUNITY — It’s your choice – convert back to a single family; keep it as an investment duplex property; renovate it; or tear down and build your own single family luxury dream home or brand new upscale duplex condo building!
This purchase opportunity is located is one the most desirable Gold Coast neighborhoods, just 2.5 super short blocks to the beach & 3 short blocks to boardwalk! Plus, as an unexpected bonus: Collect approx $42K (of $60K+ potential) in gross summer lease rents at closing… building is almost fully rented thru mid/end of August!
This property sits on a large 45 x 100 lot (R-2 duplex approved lot) that consists of what was a single family home, converted into two spacious units: one 3-Bed/2-Bath unit & one 2-Bed/1.5 Bath unit… both come fully furnished, boasts fabulous outdoor living spaces, outside showers, garage and large driveway for plenty of parking – and located off a private back alley! Home is almost fully rented for the summer so you can collect all current 2021 rent deposits as a cash injection at closing. Serves as an ideal investment asset for your property portfolio, one which you can also personally utilize for your own family’s use. Plus, you get upside for immediate or future development opportunity! Renovate with minimal cost; or chose to tear it down and build new. If you opt to tear down and develop it – property is already duplex approved in the R-2 zone so you can build TWO 5-Bedroom luxury units on this large lot; or a beautiful single family home.
Are you genuinely interested? Call/text us immediately at (609) 412-5547 and submit your best offer – won’t last more than a couple of days in this market!
Call Us: (609) 412-5547
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