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2620 Asbury Avenue, Ocean City, NJ

SOLD - 05/28/2021 - $1,510,000

MLS: 550684   |   Bedrooms: 5   |   Bathrooms: 3   |   Type: Single Family   |   Lot: Less than One Acre

Whole Building--FANTASTIC & RARE OPPORTUNITY--It's your choice - convert back to single family keep it as investment duplex property renovate it or tear down & build your own single family luxury dream home or brand new upscale duplex condo building! This purchase opportunity is located in one the most desirable Gold Coast neighborhoods, just 2.5 super short blocks to beach & 3 short blocks to boardwalk! Bonus Collect approx $42K (of $60K+ potential) in gross summer lease rents at closing... building is almost fully rented thru mid end of August! Property sits on large 45x100 lot (R-2 duplex approved lot) that consists of what was a single family home, converted into 2 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, large driveway for tons of parking & located off a private back alley! Serves as an ideal investment asset for your property portfolio, one which you can also personally utilize for your own family's use. Plus, your upside is immediate or future development opportunity! Renovate with minimal cost or chose to tear it down & build new. If you opt to tear down & develop it-you can build TWO 5-Bedroom luxury units on this large lot or a beautiful single family home. Are you interested Call text us directly ASAP - won't last!

AMENITIES

  • Dishwasher   
  • Disposal   
  • Dryer   
  • Electric Stove   
  • Microwave   
  • Refrigerator   
  • Washer   
  • Deck   
  • Outside Shower   
  • Dining Area   
  • Eat In Kitchen   
  • Heating:Forced Air   
  • Heating:Gas-Natural   
  • Heater:Gas  
  • Cooling:Central  
  • Cooling:Gas  
  • Public Sewer  

PROPERTY LOCATION / MAP
Last Database Update: 06/23/2021

 Listing Courtesy of Keller Williams Realty Jersey Shore-Ocean City.
© 2015 South Jersey Shore Regional MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional MLS. Real Estate listings held by brokerage firms other than Cesari Real Estate are marked with the Broker Reciprocity logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is deemed reliable but is not guaranteed. The broker providing these listings to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. The information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties in which they may be interested in purchasing.
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