For Sale 3 Beds, 2 Baths in Somers Point, NJ

This spacious side-by-side duplex at 18 Cooper Drive presents an excellent investment opportunity or a chance for an owner-occupant to offset their mortgage by renting one side. The property features two units, each offering 2 bedrooms and 1 bathroom, perfect for both investors and buyers seeking rental income potential. Unit 1 will need work and could rent for approx. $2,000 when renovated. Unit 2 Recently remodeled with a new kitchen, updated countertops, freshly painted interior, and new flooring. Market rent for this unit is approximately $2,000/month. Additional Features: New Roof installed in Summer 2023. Annual Operating Costs: Sewer: $770 per year (paid by the owner). Insurance & Taxes: Paid by the owner. Separate Utilities: Each unit has its own electric, gas, and water meters. Investment Potential: Total Possible Annual Income: $48,000. Licensed Agent is related to Seller. This property is part of an Estate and is being sold in \"as is\" condition. No Repairs will be made by seller.

This spacious side-by-side duplex at 18 Cooper Drive presents an excellent investment opportunity or a chance for an owner-occupant to offset their mortgage by renting one side. The property features two units, each offering 2 bedrooms and 1 bathroom, perfect for both investors and buyers seeking rental income potential. Unit 1 will need work and could rent for approx. $2,000 when renovated. Unit 2 Recently remodeled with a new kitchen, updated countertops, freshly painted interior, and new flooring. Market rent for this unit is approximately $2,000/month. Additional Features: New Roof installed in Summer 2023. Annual Operating Costs: Sewer: $770 per year (paid by the owner). Insurance & Taxes: Paid by the owner. Separate Utilities: Each unit has its own electric, gas, and water meters. Investment Potential: Total Possible Annual Income: $48,000. Licensed Agent is related to Seller. This property is part of an Estate and is being sold in \"as is\" condition. No Repairs will be made by seller.

Updated Pictures! As it is known, a great location is the key to a comfortable life! Come and see this nice Somers Point property situated only a couple of miles away from the ocean and Ocean City. The property has it all: four bedrooms, one and a half bathrooms, and a big yard. The place has a lot to offer and it is located in a quiet neighbourhood. Property sold in AS IS condition! Buyer is responsible for obtaining the CO from the city of Somers Point. Best and Final offers to be submitted by 5pm on Saturday, March 7th!