IMPORTANT: { BUILDING ELEVATION INFORMATION }A) Top of Bottom floor (Including Basement or enclosure) 10.8 ft. CRAWL SPACEB) Top of next higher floor (1st Floor) 13.7 ft. C) Lowest elevation of machinery and/or equipment servicing the building, 14.2 ft.{SUPER STORM SANDY}*Our house survived the storm without any wind or water damage. TURN-KEY IMMACULATE HOME! LOCATED JUST STEPS FROM THE BEAUTIFUL ATLANTIC OCEAN. THIS DUPLEX IS A MONEY MACHINE! Great established rental income with many repeat tenants. Great potential for additional off season rentals. OCEAN VIEWS: From 2nd floor living room, Kitchen, Master bedroom, and outside deck. SOME RECENT RENOVATIONS LISTED BELOW: EXTERIOR: New Roof, New vinyl sideing, New gutters INTERIOR {1st floor - Unit #1}: New Kitchen, New Dinning Set, New porcelin tile floors, New carpeting in bedrooms, New Master bedroom furniture, New Living room furniture, New stackable front load washer Gas Fireplace, New Central A/C and Heating System, New up-dated Electric Service panel, New Hot Water Heater. INTERIOR {2nd floor - Unit #2}: New kitchen, New Bathroom, New porcelin tile floors, New carpeting in bedrooms, New Master bedroom furniture, New Living room furniture, New Central A/C and Heating System, New up-dated Electric Service panel. New Kitchen ceiling fan. {New High efficiency Washer For additional pictures See my Rental web site at:www.vrbo.com. Enter listing { #173601 - 1st floor }.www.vrbo.com. Enter listing {#85168 - 2nd floor}. *This is your chance to own an immaculate turn key vacation home, or rental property, or both, on beautiful Long Beach Island.. Owner's Perspective (Purchased in 2006)Why the owner chose this property: We had basically four things in mind while searching for our house:1) Location - Location - Location2) Income potential.3) Price.4) Work needed to fix-up/renovate.We could not come close to affording an "Ocean Front" home, so our mission was to find a house as close to the Ocean as possible on a nice block, with a beautiful beach. Our next concern was how to afford this investment. We originally looked for a 1 family home but found that the income from a one family could not offset the cost nearly as well as a duplex home close to the beach. Our present location provided everything we were looking for.1) Location: The location is fantastic! Our house is the 2nd house off the beach, located about 100' from the beach entrance, on a dead end street, with no other streets to cross to get to the beach.2) Income potential: The income reported by the previous owners for 2003, 2004, 2005 averaged $43,425 per year. I knew that I could improve the property, manage it better, and increase the income. Our average income over the last 5 plus years including 2013 is approximately $56,000.Note: We usually do not accept less than full week rentals, and have turned down many long term off season rentals. There is so much more potential {$$$} for income with this property!3) Price: Purchasing a home on LBI does not come cheap, but with the rental income, we are able to afford owning a home just steps from the beautiful Atlantic Ocean.4) Renovations: Our house when we purchased it was a "Typical Beach House Rental" It could have been left in it's present state, but I envisioned better things. I set out to transform this "Typical Beach House Rental" into a clean, comfortable, and cozy Vacation Home at the Beach. Thousands of dollars and many hours of planning and labor were invested into transforming our Vacation Home on LBI into it's present condition.5) The New Economy: What a great oportunity to buy on LBI. A mortgage can now be had for around 4% for 30 years. This property can be purchased for a significantly lesser amount $$$ than what we purchased it for 7 years ago. We have put thousands of dollars into improving this property. This buyi
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