20 W Mermaid Lane

Long Beach Township, NJ 08008

"A Slice of LBI Heaven". Delightful, clean Cape Cod located just 2 1/2 blocks away from the beautiful beaches of LBI. 4 bedrooms, 1 1/2 baths, gas heat and central air conditioning, open floor plan, large back deck with awning, 2 brick paver patios and paver driveway. The home was elevated and fully renovated (from studs) w/rear 2nd floor dormer addition in 2004. Recent upgrades to a/c and hot water heater past 3-5 years. 1 or 2 story expansion over the rear deck area is a possibility. 2023 rental income was $29,700 (many repeat tenants) w/realistic potential for 30% to 35% increase in rates. Flood insurance premium $2,137/year. Offered fully furnished and equipped. Turn-key, move-in condition.