233 E Juniper Avenue
About This Property
Turn key investment opportunity that's 2 blocks from the beach and boardwalk. Welcome to The Magic Rest Apartments, an 8 unit building with a potential of $7800/ week in summer rentals ( 2 of the units are owner occupied) and possibly an additional $6000 in Winter Rentals (Three of the apartments are heated for year round use. Three zones are apt. 1A , 1B , 2A.) The current Seasonal rental weekly Break down is as follows: 2 Efficiency apartments at $850/week each, Another Efficiency Unit at $750/week, 2 Units with 2 beds/1Bath at $1000/week each, 3 bedroom 1 bath unit rented to J1 Students for $1500/week, Downstairs owners unit that is not rented (owner occupied) potentially $1000/week, and Downstairs 2 bed unit not rented (owner occupied) at $750/week. Property comes fully furnished, and with all necessary operating items. Just started taking 2020 reservations from a list of waiting return customers. Operated for 5 seasons by same family with a strong return customer base. Property also features an outside shower and 3 decks with amazing views. There is a vacant lot ( 60X81) used for parking located at 237 E Juniper Ave also available for purchase.
Ceiling Fan, Wall Air Conditioning
Deck, Outside Shower, Screened Porch, Cable TV, Sidewalks
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