TRULY A RARE FIND! This beautifully renovated two-story townhome is being sold WITH the Commercial Unit below it! The rental income from the Commercial unit (a linen rental company) makes the property much more affordable! Depending upon the type of financing, the Commercial units rental income pays an approximate $300, 000 mortgage! So if youre thinking about purchasing and renting the property to others, then this property offers you dual income ($70, 000 Gross Rent; $44, 000 in 2024 from the townhome PLUS $26, 400 from the Commercial Unit)OR ALTERNATIVELYknowing that you have the income from the Commercial unit, you can spend more time enjoying the 7 Mile Island, and less time renting! The Commercial units rent pays two years worth of your Annual RE Tax and Condo Dues! There is just one Condo Fee and one Tax Bill, but TWO units! The spacious townhome has been extensively renovated and features close to 1, 700 square feet of living area with 3 bedrooms and 2 bathrooms!
Extra Information for 3009 Dune Dr Unit 5 Avalon, NJ
- Seller Type:
- Category: Condos, Townhouses & Apts for Sale
- Square Feet: 700
- Conditions: Resale
- Amenities: Basketball,Patio/Deck,Playground
- Listed Date: Sep 18, 2024