53 W 26th Street, Avalon,NJ - ACTIVE

For Sale: $2,895,000

 MLS: 230212        Beds: 5        Baths: 2.5        Type: Single Family        Lot: 50' x 110'        DOM: 62 Days

This charming, five bedroom Avalon home is located just one cross street to a guarded beach and just one cross street to the center of Avalon s thriving shopping and nightlife district. The two story home offers a right side up layout with the entertaining space facing the street on the first floor of the home. The vaulted living and dining areas are anchored by a fireplace and offer slider access to a large deck. The rear of the first floor contains two bedrooms, one of which has a half bathroom and a vaulted living area (currently outfit with a twin bed), a full hall bathroom and a laundry room. The second floor addition offers three more bedrooms and another full bathroom, including a massive primary bedroom complete with skylights, a fireplace, and a beverage station. There is plenty of room to add an en-suite bathroom in this room. The rear yard, with some minor modifications to the existing garage, has ample room to install an in-ground pool. This extraordinary location would also be the perfect place to build a new home. The lot measures 50' x 110 and could handle construction of up to 3,850 interior square feet. The street has been mostly redeveloped, with beautiful homes lining both the north and south sides of 26th Street. This level of investment on the street is a testament to the location. 53 W 26th Street sits just 12 homes removed from the 26th Street beach to the east, and just a single cross street to the heart of Avalon s shopping, restaurant and nightlife area, meaning you will truly never need to get in your car after you arrive. For the investor, a newly constructed property in the neighborhood generated over $250,000 in rental revenue in 2022 - a number that should be easily replicable in this exact location. If you don't want to build a new home, some sprucing up on the interior of the existing home and the addition of a pool should help to generate over $100,000 of rental income. Whether you are looking for a quaint shore cottage, a perfect site to build a new home, or looking to generate massive rental income, this centrally located property checks all the boxes. Property is sold in AS-IS CONDITION.

PROPERTY FEATURES & AMENITIES

Deck   Fenced Yard   Outside Shower   Sidewalks   Dining Area   Great Room   Kitchen   Laundry/Utility Room   Storage Attic   Dryer   Oven   Range   Refrigerator   Washer   Heat Fuel:Forced Air   Heat Fuel:Gas Natural   Heat Fuel:Multi-Zoned   Water Heater:Electric   Basement:Crawl Space   Cathedral Ceilings   Fireplace- Gas   Walk in Closet   Wall to Wall Carpet   Laminate Flooring   Beverage Refrigerator   Cooling:Central Air Condition   Cooling:Multi Zoned   City   Two Story   Exterior:Vinyl   Exterior:Wood

PROPERTY MAP / LOCATION

Last Database Update: 03/29/2023

Let DAN BOWERSOCK be your Buyer Broker for this listing. Listing is provided by FERGUSON-DECHERT, INC. The data relating to real estate for sale on this web page appears in part through the Cape May County MLS program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which we participate, and is provided by Cape May County MLS through a licensing agreement. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to change, withdrawal, or prior sale.