This highly desirable corner property offers 84' of waterfront frontage with 6 boat slips & a charming, older home originally built in 1920. The potential exists to knock down the existing structure and subdivide the property into 2 single family building lots by securing a variance and any and all other permits or approvals that may be required from the municipality or State, which are to be secured at the sole cost and expense of the Buyer. The home welcomes you with a charming wrap around front porch - line up your rocking chairs and enjoy the water views. The first floor features a formal living room, spacious kitchen, dining room and family room that spans the back of the home, offering excellent views. This level also offers 3 bedrooms, a full bath, a sunroom/office and laundry area. The second floor includes a den/TV area, full bath and 3 bedrooms, one of which has sliders leading to a sun deck with awning, and the position of this deck affords maximum water views. The first floor has gas hot water baseboard heat, while the second floor is unheated.The home exudes charm and character throughout, but is in need of updating and will be conveyed strictly "as is/where is". On the south side of the property is an area that includes a mechanical room (with heater and hot water heater) 2 storage sheds for beach and fishing items, a powder room and a fully enclosed outside shower. There are a total of 6 boat slips, 4 of which are rented for the season producing an income of $4,550.00 while the owner reserves 2 slips for personal use. The sun deck positioned over the water is great for gatherings, fishing, crabbing and enjoying the bay breezes and sunsets. A portion of this deck extends beyond the Riparian Grant and therefore the seller has a 7 year Riparian License, at a cost of $3,869/yr. This License renews in 2014 and it will be the responsibility of the Buyer to secure this lease. The possibilities for this property are many. Do not wait - this property has been priced below assessed value and it will not last on the market long. Take advantage of this extraordinary opportunity and make your appointment today to view this special
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