INVESTMENT RENTAL BAYFRONT INCOME OR BUILD NEW LBI Stafford NJ
By Charlene Capici, Broker Manager
(Garabedian Realty Group)
Public Remarks THIS ONE LARGE BAY FRONT LOT LOCATED ON CEDAR BONNET ISLAND IN MANAHAWKIN STAFFORD TOWNSHIP ACROSS THE BARNEGAT BAY FROM THE SHIP BOTTOM BOAT RAMPS AND DOCKS, HAS ONE DAMAGED DUPLEX ONE STORY DWELLING THAT RENTED YEARLY BEFORE SANDY FOR $1,000 EACH UNIT MONTHLY. THERE IS ALSO A RAISED CONTEMPORARY WITH PILINGS WITH GARAGE STUDIO 2 BEDROOMS 2 BATHS WITH CATHEDRAL CEILINGS AND BAY VIEWS GALORE. CONTEMPORARY CURRENTLY HAS YEAR ROUND TENANTS THAT PAY $1400 MONTH ON A YEAR LEASE WHICH EXPIRES THIS FALL BUT HAS CLAUSE IF SOLD TENANTS TO VACATE WITHIN 30 DAYS. WATCH THE SHIP BOTTOM BOAT RAMP ACTIVITIES AND CONCERTS FROM THE UPPER DECK. NEW VINYL BULKHEAD. AS PER OWNER PROPERTY DID HAVE A 100 FOOT DOCK BUT WAS TAKEN DOWN AROUND 1979. BUYER TO DO DUE DILIGENCE REF TO RIPARIAN LEAS...
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