1148 1st Ave, Avalon, NJ 08202

Fantastic opportunity to own a single-family home in a premier north-end location that is close to the beach, the jetty, the park with playground, basketball, pickle ball and tennis courts, and a pleasant bike ride or walk into town. 1148 First Avenue is a 3 bedroom, 1.5 bath single family home with an over-sized in-ground pool situated on a 50' x 110' lot. Additional amenities of the home include off-street parking for up to 4 cars, enclosed outdoor shower, fenced in rear yard/patio, and in-door fireplace for chilly fall nights. The property currently generates almost $60,000 in summer rental income! The purchase of this home offers three options: 1) enjoy the current one-story home with over-sized pool and large outdoor patio space; 2) rent the property during the Summer and use it during the off-season. At current mortgage rates, the property will generate positive cash flow in the first year; or 3) create a new beach home with 3,800 square feet of living space. The large pool with grandfathered setbacks provide a significant advantage over other new-build opportunities currently on the market. Don't miss this unique opportunity to own a home in paradise! 2020-07-30