408 E 8th Avenue $700,000

INCREDIBLE LOCATION AT AN AFFORDABLE PRICE ... this is the spacious and well priced townhouse you need to see! The seller originally built these twin townhouses and has owned this unit since it was first constructed. It has always been a wonderful second home and income producer, but it is now time to allow another person to call this beach home their own and start to make wonderful memories. The front porch is the perfect respite to enjoy the shade after a day out and about enjoying the shore. Inside the living room is a great size, with a corner fireplace. A generously sized kitchen has plenty of cabinets and a long snack bar with plenty of seating plus a separate dining area, so everyone can gather at mealtime comfortably. The back door leads out to a decked yard space with is privately separated from the adjoining unit, and there is a storage room and an enclosed outside shower in this area. A powder room with laundry closet rounds out the first level. Take the stairs up to the second level where you will find two guest bedrooms, and one has the advantage of a private deck where you can have a peek at the ocean. There is a hall bath for the guests in these rooms to share, and the primary suite is in the back, with its own private bath with jetted tub. The third level is the loft space where you can fit all your overflow guests in comfort with plenty of beds - it would also be a great hangout room for play and games. This property will be sold fully furnished and equipped, and there are already weeks booked in the summer of 2024, so the new owner will have instant income! Every week starting 6/15/24 and ending 8/17/24 is booked, with total income at $27,600 gross. Only shared costs are master fire/liability/flood policies which are split 50/50 and total approximately $2,067 annually for fire/liability/flood. Water, sewer and utilities are separate. UPDATES: Windows were replaced. The roof was replaced in 2012 and the gas heat and air conditioning (including exterior condenser) were replaced in 2022. SELLER DISCLOSURE IN ASSOCIATED DOCS.

This listing is provided courtesy of LEES REAL ESTATE