Buy with Yoreevo
$1,197,999
List Price: $1,199,999
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305 Roosevelt Boulevard
House in Long Beach •  building info
7bd • 4ba • 3,900ft² $308 per ft²
Buy with Yoreevo

$1,197,999

List Price

$1,199,999

Key Details
Days on market
32
Last price change
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Estimated payment
$8,672
Taxes
$1,667
Monthly maintenance
N/A
Description
Welcome to your dream investment opportunity! This FEMA compliant, legal two-family home, is a rare find in the heart of Long Beach. Built in 2013 and perfectly positioned just steps from the pristine beaches and the bustling boardwalk, this home delivers both luxury living and incredible income potential. The first-floor residence features elegant interiors with hardwood and tile floors throughout. The spacious eat-in kitchen boasts granite countertops and stainless steel appliances. Comfort is ensured with three generously sized bedrooms, two full bathrooms and a cozy gas fireplace. Additional amenities include a private washer and dryer, a fenced-in yard and a storage shed. Parking is a breeze with a private driveway and the unit has its own central air and gas heat as well as its own thermostat. The upstairs duplex offers an expansive living area with soaring cathedral ceilings and a vast open-concept living room and dining room. The eat-in-kitchen includes granite countertops and stainless steel appliances. The main floor has three spacious bedrooms and two full bathrooms, while the second floor features an exceptionally large fourth bedroom. Enjoy the warmth of the gas fireplace in the living area, outdoor living on the private deck off of the master bedroom as well as the large fenced-in side yard & backyard with patio. This unit also includes its own private washer and dryer, a one car garage and a private driveway. Like the lower unit, this too has its own central air conditioning and gas heating, each unit with individual controls. With separate meters for each unit, tenants pay their own utilities, making this an amazing income-producing property. Taxes have never been grieved. Flood insurance is $1,580 and is transferrable. Current rents, while very attractive, are significantly lower than market value, creating an opportunity for further increase in cash flow. Located on the east side of town, this home is close to the beach, boardwalk, restaurants, and shops. Properties like this don't come on the market often. Whether you're looking for a lucrative investment or a beautiful home by the beach, this property offers the best of both worlds. Act now to secure this moneymaker in a prime Long Beach location!

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Building Amenities
Parking Available
Building info

History
What it'll cost
Purchase price
$1,199,000
Asking Price: $1,199,999
Term
30 Years
Down Payment
$119,000 (10%)
Min: 10% (119,000)
Rate
6.75 %
Mortgage Amount
$1,079,999
Mortgage Payment
$7,005
Taxes
$1,667
Estimated Yoreevo rebate
$2,000
Estimated closing cost
$44,000
Total monthly cost $8,672
Buy your dream home with us and get an estimated
$2,000 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Coldwell Banker American Homes

Information ©2024, OneKey MLS. All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.