2301 Atlantic Avenue #202 $92,000

Be the proud owner of the iconic DOO-WOP Lollypop condominium! Located just two blocks to a popular beach, the unit is on the second floor offering the best access to the sun deck with BBQ grill and lounge chairs. This attractive property features a living room with dining area, a kitchenette, separate bath with shower and tub and one bedroom with two double beds. The common elements include assigned parking, laundry, heated pool and sun deck. The condo fee covers flood, fire and liability, water, sewer, electric and cable. Gross rental income is approx. $14,000 and on-site mgmt. handles all rentals. No personal use permitted for an owner but an owner can simply rent additional weeks in July and August and receive the rental monies he paid less operating fees of approx. 35% There is a Sarf fee or special assessment of $345/MO and the current condo fee will increase to $574.00 per month on May 22nd. There is also an $800 one-time buy-in fee. The building is seasonal, opening May to September.

This listing is provided courtesy of RE/MAX At The Shore