I live in Forked River and am very familar with what is going on as far as rental and sale prices.
i was thinking of fixing and flipping... its on the 1700 block so its down towards the point right by the beach there.. its small at 850sf but decent space that I can make nice for about 20k i think..
why lower end on beach blvd, i would think higher end since it has bay views and has the beach there!
I was the manager of a real estate office in Forked River. As far as an investment goes, you should have no trouble renting it, there are a lot of rentals on Beach Blvd. If you are looking to fix and flip it.... so far in 2012, 2 bedroom 1 bath homes in Forked River have sold between 105K- 159K . With Beach Blvd. being a busy street you should be looking at the lower end , be careful of over-renovating in this area . Lacey township has the highest turnover rate in Ocean County.
I agree 75 is the right price, even though its well located and has access to a private bay beach..
What would be the value if it were cleaned up with a nice beachy feel?