$550,000
$599,000
8.2%For more information regarding the value of a property, please contact us for a free consultation.
200 Monmouth Avenue #7 Spring Lake, NJ 07762
1 Bed
1 Bath
Key Details
Sold Price $550,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Subdivision Hewitt Wellington
MLS Listing ID 22516532
Style Upper Level
Bedrooms 1
Full Baths 1
HOA Fees $608/mo
Annual Tax Amount $1,886
Tax Year 2024
Property Sub-Type Condominium
Property Description
Great opportunity. Welcome to the Hewitt Wellington in Spring Lake! This unique opportunity gives buyers the flexibility to use your condo unit whenever you want, with the added benefit of getting rental income when used in the hotel rental program. Located in Spring Lake, a premier destination along the Jersey Shore, ensures a steady stream of renters. The current owner expects approximately $30,000 in net income for 2025 via the hotel's rental program.
The Hewitt Wellington offers professional management that handles all aspects of the property and each unit - a truly hassle free experience! This spacious unit was updated in 2025 with new carpet and furnishings. It features a highly coveted balcony overlooking the picturesque lake and timeless Jersey Shore sunrises.
Location
State NJ
County Monmouth
Area None
Interior
Heating Forced Air
Cooling Central Air
Flooring Carpet
Exterior
Exterior Feature Balcony, Outdoor Shower
View Waterview
Roof Type Shingle
Building
Sewer Public Sewer
Water Public
Structure Type Balcony,Outdoor Shower
Schools
Elementary Schools H. W. Mountz
Middle Schools H. W. Mountz
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Bought with RE/MAX Revolution