Condos For Sale in Avalon – Let the Renters Pay the Mortgage!
Condos For Sale in Avalon
With 10% Down, Own Condos in Avalon for Approximately $515/ Month
107 30th Street – Avalon, NJ 08202 $439,000 – ACTIVE MLS#: 172718
The Breakwater Condominiums are a group of four fully renovated condos for sale in Avalon with a private heated pool. They are all located just over a block to one of Avalon’s most pristine New Jersey beaches.
The project began in 2012, with the complete renovation of the exterior, and the creation of the pool, exterior storage bins, and showers. This 2 bedroom, 1 bath condo is located on the second floor and features vaulted ceilings in the living room and bedrooms. This unit was renovated from the studs on out, with brand new windows, electrical, plumbing, HVAC, walls, doors, trim, kitchen, bathroom, and floors.
This is a fully renovated unit, which means that just about everything is brand new! The kitchen has granite counters, stainless appliances, and glass tile backsplash, just steps away from the oversized exterior deck. The bath has subway/ decorative tile in the shower and porcelain floors.
The private heated pool area offers a
serene oasis with 2 gas grills, lounge chairs, table, and chairs. There are 2 large exterior showers with dressing area.
This final renovated condo at The Breakwater is the place to be…. just bring your personal belongings, and enjoy a carefree Avalon beach lifestyle, steps from the beach and your own pool OR use as an excellent investment opportunity and enjoy the $24,000+/year in annual rental income AND still utilize for yourself as the perfect vacation getaway. The condo fee covers water, sewer, pool care and exterior maintenance.
Mortgage Information (Approximations)
Sale Price $439,000
10% Down $49,900
Mortgage + Mortgage Insurance + HOA + Taxes = $2337.69/Month = $28,052.28/Year
Approx. Seasonal Rental Income $24,300 (Minus Broker Fee)
Approx. Net Rental Income $21,870.00 $28,052.28 – $21,870.00 = $6,182.28
Approx. Total yearly cost/12 months= $515.19/Month