Cliffwood - Beach Property For Sale #7657831

Rare 2-Family Investment Property in Cliffwood Beach on Triple Lot Tenant Occupied MAIN HOUSE = $2,650 / month rent per lease. Occupied since Oct 2021. 3 BR, 1 BA, full basement, partial attic, 961 sqft living space, central HVAC, 3-car driveway. 580 sqft basement not included in 961 sqft living space. Appliances included: upscale refrigerator, stove, dishwasher, washer, dryer DETACHED COTTAGE STUDIO = $1,150 / month rent per lease. Occupied since Feb 2018. Kitchen + living/bedroom + bathroom, 324 sqft living space, new deck, uses 3-car driveway. There is a third structure on the property, a shed. TOTAL GROSS RENT = $45,600 year Taxes = $6,774 year Insurance = $1,398 year Water & Sewer = $2,288 year Net cash flow: $35,140 year At 5.75% cap $500,000 valuation