2301 Atlantic Avenue $75,000

GREAT LOCATION, POOL, INCOME OF $15,000/season! The income is awesome because the Lollipop is an investment oriented run condo association - you are required to rent the property through the management, and you are able to reserve one week to use in season and one week during the off season. This is the perfect property for those seeking a strong return and occasional usage. This Lollipop one bedroom, one bath unit is situated just a short distance to the beach and boardwalk, on the corner of 23rd and Atlantic Avenues and is within close proximity to tons of fun activities and restaurants! The unit is on the top level and welcomes you with a balcony with table and chairs to soak up the sun, drink your morning coffee, enjoy the refreshing breeze and overlook the pool. The unit includes a nice size living room, dining area, updated kitchen with stainless steel refrigerator, and a full bath with tub. With the two double beds and pull out sleeper sofa, the unit sleeps 6 comfortably. There are flat screen TVs in the living room and bedroom. The unit will be sold turn key. Amenities include a beautiful heated pool, laundry room, outside shower, sundeck with lounge chairs, BBQs and assigned off street parking. Park your car and hit the beach and boardwalk, and this unit is close to restaurants, miniature golf, shopping and more. This complex has an excellent rental history, with full-time onsite rental management, offering maid service. The unit's gross rental income is approximately $15,000 and the on site rental management fee is 35%. The condo fee of $287/mo covers the cost of exterior insurances, water, sewer, common area and pool maintenance and cable. In addition to the condo fee, there is $100/mo assessment. There is an $800.00 capital contribution for anyone that purchases this unit. This building will open on April 4th, 2020 and close on October 4th, 2020.

This listing is provided courtesy of LEES REAL ESTATE