If you've got the cash or know someone who does -- this is an incredible investment opportunity to steal a beautiful beach house at a fraction of what its worth. This 6 bedroom, 3 1/2 bathroom house is on the Jersey shore in Ventnor, NJ, one block from a beautiful, huge beach, with ocean views and is newly painted, with all new hardwood floors, a newly remodeled kitchen and master bath, and beautiful furniture/decor. Summer rental income alone exceeds $30k.
http://www.realtor.com/search/listingdetail.aspx?loc=08406&mnp=700000&mxp=750000&bd=6&sid=78393c8490244b749fb85a6e60c90390&lid=1104214090&lsn=2&srcnt=2
The house sold three years ago for $850k, is now listed for $660k and is available on a short sale basis--i.e. will likely sell for somewhere in the $500k-$600k range. Depending on the circumstances, seller assistance of up to 3% may be available.
Interested parties should contact the realtor, Mark Arbeit at 609-402-5885 or markarbeit@aol.com
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