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Kotohomes partnered with:
Press of Atlantic City
For Sale For Rent
Advertise
bedrooms
bedrooms
4
bathrooms
bathrooms
3
square feet
square feet
-
acreage
Acreage
-
open houses
Open Houses
-
year built
year built
2007
full baths
Full Baths
3
half baths
Half Baths
-
Unique investment opportunity available! House is currently occupied by a tenant with rights to the home until death or default. The buyer will not be able to live in the home until that time. Current tenant (74 years old) is responsible for all taxes, repairs, and must keep the house well- maintained. There is currently a $400,000 mortgage on the home that the tenant is required to make monthly payments on. He has never missed a payment 18 years. In 12 years the house will be debt free and if he lives longer he must continue to pay all real estate taxes. Estimated value of home is $1,300,000 right now. Prospective buyers will only be allowed inside the property with an accepted offer.Current pictures and floor-plans available shortly.
Location
Subdivision -
County Ocean
Elementary School -
Middle School -
High School -
open houses Open houses
None scheduled.
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MLS number: 3957647
Listing agent: Tyler Pontier
Listing broker: Howard Hanna Morris Plains (973) 532-5272
Last update: Friday, May 23 2025 at 8:40 a.m. EDT
randrealty howardhanna