Joan Farrell
 

 
Joan Farrell Ocean City Real Estate

Ocean City (New Jersey, US - 08226)
MLS® $999,000 REDUCED BY OVER $100,000!


Attachments


"Rare and private Gardens triplex"
 

Monihan Realty Inc.


Joan Farrell
 
Joan Farrell
Email Joan
 
Cell: 609-517-7644
 
Details

Address: 16 Morningside Road, Ocean City NJ Type: Multifamily Style: 2BR/1BA + 1BR/1BA grnd floor Bedrooms: 6 "Upper cottage 3BR/1.5BA" Bathrooms: 3 "See full description" Lot Type: Rectangular Lot Size:  3900 sq. ft.  30ft x 130ft "Lot on slight radius" Taxes: $5,450.00 (2008) MLS®: 328249
 
Description

This could be your own private paradise. Unique beach block Gardens triplex with charm, privacy and off-street parking for four cars. The 3BR/1.5BA owner's upper cottage was completely renovated down to the studs in 2001, and has an open floor plan, an eat-in kitchen, dining room, living room with fireplace, and sun room. Both the living room and sunroom have access to outdoor decks. The ground floor includes two apartments, a 1BR/1BA apartment with private patio that rents for $950/mo yearly and a 2BR/1BA apartment with separate entrance that usually rents for $1300/mo yearly but discounted to $950 until June 2010. All rents are direct to owner and current leases expire in summer 2010. Live upstairs and collect the rents, or turn the entire building into a family compound. If you want proximity to the beach and some peace and quiet, this is the one for you!
 
Highlights

This charming triplex sits far from the street with parking in front and a lawn and garden between the parking and the house. It offers privacy in a busy, beach block location. The first floor includes two rental apartments. The front one has 1BR/1BA and is rented yearly for $950/mo. The rear apartment is much larger with 2BR/1BA and is $1300/mo.
Both apartments have electric baseboard heat each separately metered and paid by the tenants. Each has a separate, private entrance. The upper cottage is 1 1/2 stories and has a separate entrance. The entire interior was gutted to the studs in 2000. It has 3BR and 1.5BA.
The main floor of the upper cottage includes a large kitchen, a dining room, a living room with wood-burning fireplace and a sun room with vaulted ceilings. A half bath is off the sun room. Also on the main floor is the master bedroom with a small walk-in closet that includes a stack washer and dryer. The full bath is adjacent to the master but not en suite.
The top floor has two bedrooms with extensive closet space. If a bath were added at this level, one could combine the main floor bath into a master suite. This is the perfect property for someone seeking privacy, a near-beach location and supplemental rental income, or for a someone looking for a compound for an extended family.

Features
Interior Features
 Carpeted Floors  Ceiling Fan  Fireplace
 Vaulted Ceiling  Window Covers
Heating
 Electric Baseboard  Hot Water / Steam  Natural Gas
Exterior Finish
 Vinyl
Sewer/Water Systems
 Public
Roof
 Asphalt Shingles
Lot Features
 Garden Area  Landscaped  Patio
 Trees / Shrubs
Appliances
 Dishwasher  Dryer  Garbage Disposal
 Microwave  Refrigerator  Stove
 Washer
Extra Features
 Furnished
Cooling
 3+ Window / Wall Unit
P2#2626121

Information is deemed to be correct but not guaranteed.


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