TRULY A RARE FIND! This beautifully renovated two-story townhome is being sold WITH the Commercial Unit below it! The rental income from the Commercial unit (a linen rental company) makes the property much more affordable! Depending upon the type of financing, the Commercial units rental income pays an approximate $300,000 mortgage! So if youre thinking about purchasing and renting the property to others, then this property offers you dual income ($70,000 Gross Rent; $44,000 in 2024 from the townhome PLUS $26,400 from the Commercial Unit)OR ALTERNATIVELYknowing that you have the income from the Commercial unit, you can spend more time enjoying the 7 Mile Island, and less time renting! The Commercial units rent pays two years worth of your Annual RE Tax & Condo Dues! There is just one Condo Fee and one Tax Bill, but TWO units! The spacious townhome has been extensively renovated and features close to 1,700 square feet of living area with 3 bedrooms and 2 bathrooms! Theres also ample outdoor living space with a patio area at the Main Entry, a private deck off the Living Room offering vistas & sunsets, and a private sundeck off the Master Bedroom. The front & rear sliding doors open the path for refreshing breezes! The First Floor of the townhome offers an open Living/Kitchen/Dining Area, one Bedroom and one Bathroom. The Second-Floor features 2 Bedrooms and 1 Bathroom. The Master Bedroom has a sliding glass door for convenient access to the private sun deck! The Commercial Unit has also been extensively renovated. It offers close to 1,000 square feet with a Powder Room and front & rear entrances. Theres a large parking lot in the rear of the building. This is an ideal Park-n-Walk location in the heart of Avalon, and theres only two streets to cross on the way to amazing beaches! This location also affords easy access to the boardwalk and Avalons Public Library (across the street). The boardwalk spans along the ocean about half a mile from 32nd Street to 21st Street, and its the perfect setting for a relaxing walk or an invigorating run! Also, at 29th and 30th Street and the beach, you will find the fantastic Summer Salt Restaurant, Avalons Surfside Park with restrooms, changing rooms, foot rinse stations for cleaning-up on the way back from the beach, ice cream, and a playground. Check with the Borough for a list all sorts of events happening at Surfside Park during the season. For the recreation-minded, at 32nd Street and 39th Street, youll find Public recreational facilities including a track, exercise stations and a basketball court. To end the day, its a short walk to 33rd Street and the bay, where the Public Dock is a great place to watch the sunset with your favorite beverage, or to fish, crab, or swim!
This listing is provided courtesy of FERGUSON-DECHERT, INC
3bedrooms
2baths
MLS #:242692
Status:Active
Address:3009 Dune Drive, Avalon, NJ 8202
Date Listed:9/5/2024
Days on Market:29
SQFT:1670
Stipulations:No
Amenities
Oven
Microwave Oven
Refrigerator
Washer
Dryer
Dishwasher
Smoke/Fire Detector
Stainless Steel Appliance
Interior Features
Cool System: Central Air, Ceiling Fan
Heat System: Electric
Rooms: Living Room, Kitchen, Dining Area
Hot Water: Electric
Exterior Features
New Construction: No
Additional Features
County: Cape May County
Property Type: Condo
Water/Sewer: City
Year Built: 1986
Lot Number: 30
Block Number: 38
Associated Document Count: 1
District/Township: 01-Avalon Borough
For Sale / Lease: For Sale
Taxes: 3959
Total Rooms: 6
3rd Party Approval: No
Disclaimer:The data relating to real estate for sale on this website comes in part from both the Broker Reciprocity Program of the South Jersey Shore Regional MLS and/or the Cape May County MLS,
a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms.
The brokers providing these listings advise interested parties to do their due diligence before relying on this information in a purchase decision.
The information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties in which they may be interested in purchasing.
All information deemed reliable, but not guaranteed.
All properties are subject to change.