4 bedroom house for sale

Overview

Seize the opportunity to own a remarkable investment property with this duplex PLUS vacant lot in a prime Lakewood location, just south of Belmar and near O'Kane Park. This property offers a compelling blend of steady income potential and development possibilities, making it an ideal choice for both seasoned and budding investors. The duplex consists of two units, each featuring 2 bedrooms and 1 bathroom. Currently, both units are occupied by tenants on a month-to-month basis who are interested in continuing their leases under new ownership, providing immediate income continuity for the buyer. The rent for #56 is $1200 per month and he maintains all the exterior. The rent for #58 is $1595 per month. Both tenants have occupied for at least 10 years. Set on a massive, oversized lot of 18, 567 square feet, this property boasts multi-family zoning, presenting a unique opportunity for redevelopment. Whether you're looking to renovate, expand, or build anew, the large lot size offers ample space to bring your real estate visions to life. The property includes recent upgrades such as a newer roof and one of the furnaces. Located near the vibrant Belmar area and just a short stroll from the Gold Crown complex and Kelly McGregor Park, tenants enjoy easy access to local amenities, including shopping, dining, and entertainment options. With its combination of current rental income and potential for future development, this duplex in Lakewood is not just a purchaseit's an investment in a prosperous future. The possibilities are truly endless, making it an exceptional opportunity for any investor looking to capitalize on Lakewood's growing demand for residential options. For more details and to contact: https://realtyww.info/homes_lakewood-d524146/for-sale_i71492073