200 W St Johns Avenue

$499,999

About This Property

RENOVATED, 2-story building with two Bay facing units and a rear unit in the front home and a rear detached cottage. This would be perfect as its current use or convert the front building to a single-family home. Maximum rental potential could be as high as $80,000 a year if you rented weekly in season and the winter tenants off season with this prime beach front location. This area of Saint John’s Avenue was once called the “Miami Beach Section” of town. Beautiful sunsets, lazy days walking your dogs on lovely pet friendly beaches, barbecues and 4th of July Fireworks are yours for the taking when you purchase this bay front home. This home was recently 4 year-round rental units and has just undergoing the process of the home being lifted. The home has been elevated approx. 9-1 feet, old footings and foundations removed, new footing, many courses of block, 1 garage door opening, flood vents. St Johns updates: all new electric, all new plumbing, new drywall underneath home and cottage, new drywall in bedroom in unit 2, new water line, new gas line, natural gas, new flooring including carpet, laminate, and tile, new paint throughout, new bathroom unit 1 cottage, heaters replaced in the last 2 years, windows replaced in the last 2 years, all new decking throughout, new roof, new siding, updated kitchens, new interior and exterior lighting. Unit 1 is the one-Story Cottage. 1 bedroom, 1 bath, living room, kitchen, separate meter for electric. Unit 2 is back unit of the home. 2 bedrooms, 1 bath, living room, kitchen, porch, separate meter for electric. Unit 3 is Bayfront 1st floor, 1 bedroom, 1 bath, living room, kitchen, deck and separately metered for electric. Unit 4 is Bayfront 2nd floor, 2 bedrooms, 1 bath living room, kitchen, deck and separately metered for electric. Everyone can use the shed. All units updated with new kitchens and baths paint and carpet. This information is deemed accurate but not guaranteed. Call today to set up an appointment. 48 HOUR NOTICE APPOINTMENT ONLY TENANT OCCUPIED. units separately metered for gas and electric. Owner pays water/sewer and insurances. Leases expire November and December of this year.

Essential Information

MLS® #185256
Price$499,999
Year Built1946
TypeMulti-Family
Sub-TypeFour-Plex
StatusUNDER CONTRACT

Community Information

Address200 W St Johns Avenue
AreaLower Township/North of Canal
CityLower Township
StateNew Jersey

Amenities

ViewWater View
Is WaterfrontYes

Waterfront

Bay Front, Beach Front, Water Front

Interior

BasementOutside Entrance

Heating

Gas Natural, Electric, Baseboard, Space/Wall/Floor

Exterior

Exterior Features

Deck, Porch, Storage Building, Cable TV, Waterview

Additional Information

Date ListedNovember 12th, 2018
Days on Market227

Listing Details

OfficeCOASTLINE REALTY, LLC

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