About 1142 Berkshire Road
Calling all Investors looking for a Cash Flowing property to add to their portfolio.. THIS IS THE ONE FOR YOU! Currently rented out to a long standing tenant for over $1,800 Per Month / $22,000 Per Year with the tenant paying for their own water and electric! Start making money IMMEDIATELY as this investment has an 11% CAP RATE! Built on a huge fenced in yard on corner lot placed high and dry with great elevation, sits this over 1,600 Living SQFT home that features a mother in law suite with a kitchenette. This great property offers two living rooms, one kitchenette and full kitchen, and several rooms for plenty of living space for an extended family. Updates recently completed include: newer tile in mother in law suite with natural hardwood in the main living area, new soffits .. CON'T ..and fascia, new paint, and the plumbing as well as the electrical were updated in approx. 2015. City rental license for the property is in good standing and recently passed the inspection in 2021. Conveniently located close to the Tanger Outlets with restaurants, shopping, and entertainment such as Dave and Busters; the beach, the river; the highway; plus more!