431 E 19th Avenue $180,000

JUST FEET TO THE BEACH & BOARDWALK - CONDO WITH POOL IN NORTH WILDWOOD! Don't miss your chance to affordably own a beach getaway at the Malibu Condominiums! It is a highly desirable unit due to its location - situated very close to the beach and boardwalk, and near Morey's Pier with rides and waterpark, great restaurants, taverns, bakeries and ice cream shops, and fun activities like parks, mini golf and more - you will LOVE the location! This unit offers a nice size living room with sectional sofa, dining area and galley style kitchen with range, microwave and full-size refrigerator, a nice size bedroom with two beds, and a full bath with tub. There is a wall A/C unit for summer comfort which also has a heat setting to take the chill off those cooler shoulder season nights. On-site amenities include an awesome pool with lounge areas, BBQ area, sundeck with loungers and ocean view, game room with pool table, Wi-Fi, one car parking and laundry facilities. This condo association offers on-site management and great rental program with maid service, so you can just six back and relax and collect the rents, with a management fee of approx. 30% of the income. OR you can choose to opt out of the rental program altogether and use the unit for yourself, or rent the unit on your own as you wish - you have all the options! The owner states their NET rental income from the 2022 season was approximately $9,100 after deducting management fees AND condo fees. There are already many weeks booked for the 2023 season through the Malibu management company, so a buyer would have to honor those and keep it in the rental program for this season. The building is seasonal and is open from April until October, weather permitting. Condo fees are $253/month and are paid quarterly - covers the cost of the common area insurances for flood, fire and liability, water and sewer. There is a $500 capital contribution at closing. Offered furnished, less personal items. DON'T WAIT - come today to see this competitively priced condo - it has everything you want at a price you can afford! NOTE: This is a seasonal, non-warrantable condo for financing purposes. Pet friendly for owners only.

This listing is provided courtesy of LEES REAL ESTATE