Link Copied
$1,299,000
5 - 3009 Dune Dr, Avalon, NJ
Condo
For Sale
$--,---,---
320
- Key Facts
- Description
- Map
Key Facts
Type Condominium
Levels Residential
Size 1666 sqft
Garage No
Maintenance Fees $8,600
Taxes $4,000
Days Active 0
Approx. Age 1986
Avg. Price Per Sqft $779
MLS® Number 252014
Property Address:
Average square foot calculated using Size range provided by listing agent.
Description
There is just one Condo Fee and one Tax Bill, but TWO units! The townhome features ample outdoor living space with a patio area at the Main Entry, a private deck off the Living Room offering vistas & sunsets, and a private sundeck off the Master Bedroom. The front & rear sliding doors open the path for refreshing breezes! The First Floor of the townhome offers an open Living/Kitchen/Dining Area, one Bedroom and one Bathroom. The Second-Floor features 2 Bedrooms and 1 Bathroom. The Master Bedroom has a sliding glass door for convenient access to the private sun deck! The ideal location also affords easy access to the boardwalk and Avalon’s Public Library (across the street). The boardwalk spans along the ocean about half a mile from 32nd Street to 21st Street, and it’s the perfect setting for a relaxing walk or an invigorating run! Also, at 29th and 30th Street and the beach, you will find the fantastic Summer Salt Restaurant, Avalon’s Surfside Park with restrooms, changing rooms, foot rinse stations for cleaning-up on the way back from the beach, ice cream, and a playground. Check with the Borough for a list all sorts of events happening at Surfside Park during the season. For the recreation-minded, at 32nd Street and 39th Street, you’ll find Public recreational facilities including a track, exercise stations and a basketball court. To end the day, it’s a short walk to 33rd Street and the bay, where the Public Dock is a great place to watch the sunset with your favorite beverage, or to fish, crab, or swim!, TRULY A RARE FIND! This beautifully renovated two-story townhome is being sold as a package WITH the commercial unit below it! You can break down the price as you wish – an even split would mean that you’re only paying about $650, 000 each for a commercial unit AND a townhome, which is a fantastic price!! The townhome alone is an incredible value, AND you get an income producing commercial unit with the purchase! The property offers an ideal “Park-n-Walk” location in the heart of Avalon, and there’s only two streets to cross on the way to amazing beaches! The spacious townhome features nearly 1, 700 square feet of living area with 3 bedrooms, 2 bathrooms and two private decks! The Commercial unit also features a renovated interior, which is close to 1, 000 square feet and includes front & rear entrances and a Powder Room. The Commercial unit is perfect for a business office or retail. No cooking is permitted on the premises. The property offers a large parking area in the rear, which will soon be repaved with a new fence installed. The income potential from this property is substantial, and having two units gives you ultimate flexibility. There are many options here! Projected rental income from the Commercial unit is $26, 000/year and the townhome rented for $44, 000 during the 2024 season. If your primary focus is personal enjoyment, then you can spend more time enjoying your property here on the 7 Mile Island, and less time renting, all the while letting the Commercial unit’s rent pay about two years worth of your Annual RE Tax & Condo Dues! Another way to view this is that the Commercial unit’s rental income offsets the payments on about $370, 000 of your mortgage! If you’re purchasing using 75% financing, that’s about one-third of your loan amount paid for by the Commercial Unit’s rental income! FOR THE INVESTMENT MINDED, the projected $70, 000 (+/-) in rent offsets the majority of your mortgage payment! Townhome is owner occupied, EZ to show.Show Description
MLS® Number252014
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1986
Stories
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
HeatElectric
A/CCentral Air, Ceiling Fan
Heating Fuel
Extras
Blinds, Furniture
Similar Listings
Get notified of price or status changes by saving this listing