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Looking for an ROI 10% or better? Turn-key rooming house with both seasonal and yearly tenants. Building is fully occupied with a waiting list. This unique property offers a main building with 19 updated bedrooms, new baths, new granite kitchens, updated dining rooms and living rooms.There is a bonus, separate, recently updated 2 bedroom 1 bath cottage with it's own electric meter and brand new heating system. Renovated, separate owner or property manager's quarters with it's own kitchen and private bath on the main floor of building. New roof in 2013. Electric at property recently updated. New windows. New on demand hot water for main building. Building has brand new, separate heating systems for both main building and cottage. Every bedroom has new carpet, microwaves, tvs, refrigerators. Entire interior freshly painted. Exterior refreshed. Property comes furnished, occupied and ready to go! https://www.youtube.com/watch?v=v8BofnF9LCU

Property Details of 209 E Spencer Avenue

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Listed by CHRISTINE ECKER of LONG and FOSTER REAL ESTATE INC-Ocean City,9th St

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 "Based on information submitted to South Jersey Shore Regional MLS as of April 20, 2024 3:04 PM EDT. All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

 
 

 

 

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