Earn income while you wait to develop three new custom homes in Point Pleasant Beach. The existing Victorian home is on an APPROVED TRIPLE LOT ready for subdivision. The home is divided into four apartments with a bonus owner's studio in the back, and includes a three-car divided garage and expansive front and back lawns. All units are currently rented, guaranteeing you a steady income stream while you plan your next steps. Home passed NJ state inspection in mid-2019 and all tenants are in good standing. Purchase includes lawn mower, coin-operated shared laundry area, and furnishings in the owner's studio. The property sits on a shaded, quiet lane with a family-centered atmosphere, far from the summer crowds but just eight blocks from the beach and close to downtown Point Pleasant Beach.
Listing courtesy of Childers Sotheby's Intl Realty.