270 16th street

*** LBI RENTAL INVESTORS *** ABOVE AVERAGE ROI *** TURN-KEY *** Fully furnished, 6 Bed, 3.5 Bath home, designed by Craig W. Brearley and built by Don Ruggieri, completed in June 2023, features 2,791 SF of contemporary reversed living. The upper level features an open concept space with living room and gourmet kitchen that includes top of the line Wolf and Sub-Zero appliances along with quartz countertops. Off the kitchen is a large pantry and half bath. Opposite the living room is a large primary bedroom with an ensuite with separate his and her closets. The mid-level floor has its own primary bedroom and covered walk out deck, two additional bedrooms plus two bunk rooms. The bunk rooms each contain two sets of twin over full bunk beds and this level includes two full baths. The laundry room is also on this level. Additional features include a 3-Stop elevator, rooftop deck and fire pit, two covered porches with ceiling fans, black Anderson 400 windows, CertainTeed Cedar Impressions vinyl siding, heated saltwater pool, outdoor kitchen with custom granite bar, grill and fridge, natural gas fire table, covered outdoor living space, paver patio, outdoor shower, paver driveway & breezeway. Two car garage. Just two blocks from the beach and one block from the bay. $15K Property Taxes. Currently an excellent rental property with an in-season rate of $15,000/week. Approximately $185K to date in 2024 rental income. Remaining 2024 leases: Aug 31-Sept 7, Sept 14-Sept 21, Oct 3-Oct 6, Oct 17-Oct 20 and Nov 21-Nov 24. *** There are presently Seven (7) 2025 Signed Contracts for the following dates: June 7-14, June 28-July 5, July 26-August 2, August 2-9, August 9-16, August 30-September 6, 2025 ***. See VRLBI (LISTING #2871) for live dates and rates. 1031 Exchange.