Average square foot calculated using Size range provided by listing agent.
Description
New to the market and offered for sale for the first time in 40 years! Prime location in the center of Belmar just 1.5 blocks from the beach, 2 blocks from Silver Lake, and 4 blocks from Belmar's booming downtown shops, restaurants, and breweries! This is a proper 50' x 150' lot size for great expansion or rebuilding options! NOT a flood zone! Current home is a 2-Family/Duplex with a 4BR/1.5BA apartment on the 1st Floor; and an identical 4BR/1.5BA apartment on the 2nd Floor. Use both for personal beach house; or use one and rent out the other, rent out both, or build your dream home on this generous sized lot! Each unit has consistently gotten $25, 000-$30, 000 every summer, and $2, 000/mo in winter (potential $80, 000-$90, 000 total yearly income). Unique opportunity with lots of options!Show Description