The Duplex Team focuses on the listing & sale of LBI duplexes
Long Beach Island Duplexes:
There is a substantial population of Duplexes on Long Beach Island. Most of this population dates from the 1960's & 1970's before current zoning regulations were enacted. Current zoning is very restrictive regarding the development of new duplexes, primarily to keep LBI from becoming too densley developed as has happened to many oceanside communities. The zoning regulations vary from one municipality to another on LBI.
Duplexes that already exist are "Grandfathered", meaning that they may continue to be used as Duplexes although there are limitations on what type of expansions or rebuilding will be allowed.
On LBI, the term Duplex simply means two dwelling units on one tax lot. There are a variety of architectural styles (Upper/Lower, Side by Side, Cape Cod, Garage Apartment, etc.) but the key is two units on one tax lot.
Duplex sales comprise fewer than 10% of property sales here, so most agents have relatively little experience with them. There are tax implications as well as land use limitations and opportunities with Duplexes, so it is important that you work with an agent who understands the ins and outs of this market.
The LBI Duplex Team publishes The LBI Duplex Letter, a monthly newsletter focused on the LBI duplex market. Issues include articles on the operation and investment aspects of duplex ownership as well as a summary of current listings and sales. The Duplex Team focuses on the listing and sale of LBI duplexes, and provides an unmatched level of client representation of both buyers and sellers of LBI duplexes. The use of the latest technology plus old fashioned customer care sets them apart from the competition.
Buying or Selling a duplex Please contact Gina@LBIDuplex.com For more information on the LBI Duplex Team and current listing inventory, please visit www.LBIDuplex.com.
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