MLS® ID: 189086
Cold Spring, New Jersey, 08204 $499,500
Charming Dutch Colonial home on a larger corner lot south of the canal and minutes to Cape May's beaches, shops and restaurants. The ownership/rental possibilities for this house abound. It is perfect as a single family home or it can be offered as a beach house rental. It has a bright and airy living room with cathedral ceiling and sky lights and dining area that opens to a wonderful kitchen with breakfast bar and slider to a larger deck for outdoor entertaining. On the first floor there are two bedrooms, a Master suite with bathroom/shower and a separate but attached studio in-law suite with a full bath, laundry, and efficiency kitchenette with a private entrance. On the second floor there are two bedrooms and a full bath along with a loft that can be utilized as an office or sitting area. There is also a balcony deck where you can take in the sun or stargaze at night. The main kitchen is large and open and sets up for a family gathering spot that is joined by the dining area and family room. The property is fully fenced with premium quality vinyl fence for privacy and encloses a grass yard for gatherings outside or an area for children to play. There is a large outdoor shower featuring a cedar wood shower enclosure. Property upgrades include new windows, new kitchen appliances (stove and refrigerator), new air conditioner/heater inverter ductless units throughout the house allowing for zoned and energy efficient cooling/heating, whole house exterior and interior painting, new front door, new kitchen flooring, new vinyl deck at entrance to home, maintenance free oversized premium shed, landscaping, and aluminum gutters. The driveway allows enough parking for four vehicles with a bonus spot to park another vehicle, boat, or RV etc. As mentioned, the house is a 4 bed/3 bath single family home that can be lived in or rented in a variety of configurations, for e.g., live in the 3 bed/2 bath part of the home and rent the 1 bed/1 bath suite or rent the entire 4/3 home as a beach rental property. Current owners have lived in the property and rented it for the last five summer seasons. Total rental income was over $20,000 last year during a nine week rental period. Prime summer weeks rented for $2,000.00/week. This home will not last long.