MLS (capemay) #167878 - - $499,999.00

200 W St Johns

Villas, NJ 08251

Four-Plex

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Nestled in the Dunes is where you will find this multi-family property. CURRENTLY IN THE PROCESS OF BEING ELEVATED TO 9-10 FEET OFF GRADE. Survey on file so you can see that the property is a 2 story building with two ocean facing units and a rear unit all in one building and a single one story cottage and separate shed. This would be perfect as its current use or convert the front building to a single family home. This area of Saint John’s Avenue was once called the “Miami Beach Section” of town. Beautiful sunsets, lazy days walking your dogs on lovely pet friendly beaches, barbecues and 4th of July Fireworks are yours for the taking when you purchase this bay front home. Many upgrades with more in the works so schedule your appointment today to view this home. This home was recently a rented and is now undergoing the process of lifting the home. The home is being elevated approx. 9-1 feet, old footings and foundations removed, new footing, 14 courses of block, 1 garage door opening, 8 vents, termite shield, packable fill in garage with PSI mix and expansion joints, new hookups for utilities and more see the work order in associated docs. Unit 1 is the one Story Cottage. $900. a week summer 2015. 1 bedroom, 1 bath, living room, kitchen, separate meter for electric and a tank for propane….. Unit 2 is $800 a month, year round back bottom unit. 2 bedrooms, 1 bath, living room, kitchen, porch, separate meter for electric and propane tank….. Unit 3 is Bayfront 1st floor, $900 a week 2015 summer season. 1 bedroom, 1 bath, living room, kitchen, deck and separately metered for electric and tank for propane…. Unit 4 is Bayfront 2nd floor. $1200 a month year round. 2 bedrooms, 1 bath living room, kitchen, deck and separately metered for electric and a propane tank. Everyone can use the shed. All units updated with new kitchen and baths paint and carpet in 2014 except unit two. The heating systems were replaced in 2014. Brand-new hot water heater in unit one. Hot water heater is one year old in unit two. There is room for a washer and dryer in unit four. All new windows replaced in 2014 in the whole building. Electrical was updated in 2014 in unit three. Unit one roof repaired in 2013. 2013 & 2014 gross income to owners was approximately $45,000 a year. Many new changes happening daily right now so showing are not possible during the lift process. Take a drive by and imagine the finished product which is estimated to be completed by March 1st. This information is deemed accurate but not guaranteed.

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