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Listing Courtesy Of: Keller Williams Realty Jersey Shore-Ocean City, CHRISTINA SCIARRETTA

Local Realty Services Provided By: Keller Williams Realty Jersey Shore

Overview

What It'll Cost

Neighborhood

Similar Homes

$350,000

508 W New Jersey Ave, Somers Point, NJ 08244

3 Beds

2 Baths

$350,000

508 W New Jersey Ave, Somers Point, NJ 08244

Estimation provided by Keller Williams Realty Inc.

3 Beds

2 Baths

Sold-In House

Sold

Property Description

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EPIC & UNIQUE WEALTH BUILDING OPPORTUNITY! Seriously, listen to me... this is the one! Incredible opportunity to own TWO separate homes on one lot! Tons of possibilities for investors: rent both out for passive income, live in one, rent the other out, finally get that shore house you've been dreaming of, and let the other home help you pay for it... truly endless possibilities. And the best part! One unit already comes with a tenant place!! These two homes have 2 separate addresses, back up to one another, and are separated by a fence. 508 W New Jersey is a well kept 2 bed, 1 bath home with a vibey open floor plan & newer roof & HVAC. You walk into the living room, then through an expansive and bright dining room and come to the open, updated kitchen. A few small details to note are ceiling fans, crown moulding, laminate flooring, basement, walk up attic storage, stainless steel appliances, and a storage shed! This home is vacant. 415 Dobbs is a well maintained 1 bed, 1 bath home with a cozy living room, updated kitchen with new stove and fridge, large bedroom, and separate laundry room with stackable w&d. This home doesn't have central air, but a wall unit keeps it nice and chilly in the Summer. Did I mention there is already an AWESOME tenant in place until 3/2025 for you in this home at $1200/month?? No need to worry about vacancy costs, and a good tenant is worth their weight in gold (am I right?). Tons of opportunity here to start or build your investment portfolio and begin earning passive income!! Let's gooo!

Property Details

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Overview

Property Type

Single Family

Year Built

1932

Days on Site

322 Days

HVAC

Forced Air, Gas-Natural

Parking

Yes

Keller Williams Realty Atlantic Shore

Kendrick Andujar

Keller Williams Realty Atlantic Shore

1650248

(609) 464-1127

(609) 484-9890

KendrickAndujar@kw.com

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Activity History

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Data provided by Keller Williams Realty, Inc.

Upcoming Open Houses

No open houses are currently scheduled for this property. Don't worry - you can always schedule a tour, or get additional help from your agent.

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Purchase Price: $350,000

Principal + Interest

(0%)

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Mortgage Insurance

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Price & Tax History

Date

Event

Price

06/25/2024

Price Decrease

$395,000

(-1%)

05/10/2024

Listed

$399,000

(+154.14%)

02/17/2017

Sold

$157,000

Year

Property Tax

Assessed Value

Assessed Value is a combination of the land and additions.

2023

$7,464

(+3.86%)

$215,100