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
Property Features
Heating Information
Forced Air
Baseboard
Cooling Information
Central Air
Water Features
Public
Utilities
Cable Available
Basement
Storage Space
School Information
School Information for 805 Shore Concourse, Cliffwood Beach, NJ 07735