*GANDY’S BEACH FIX & FLIP OR RENTAL OPPORTUNITY!* For Sale

246 Cove Road, Newport, NJ 08345

💰 PRICE STARTING AT: $379,000

💰 BUY-IT-NOW PRICE: $389,000

💰 EST. RENOVATED ARV: $425,000–$450,000+

💰 FY2026 4-BEDROOM FMR: $2,311/MO.

This direct DELAWARE BAY WATERFRONT PROPERTY offers investors two strong exit strategies! Renovate and resell using recent bayfront sales reaching $450,000–$475,000, or hold the property as a four-bedroom rental in a unique waterfront location. The home features four bedrooms, two full bathrooms, an updated kitchen, an open layout and a massive waterfront deck overlooking the Delaware Bay.

✅ Detached Single-Family Home

✅ 4 Bedrooms | 2 Full Bathrooms

✅ Approximately 1,176 Sq. Ft.

✅ Built in 1982

✅ Approximately 3,049 Sq. Ft. Lot

✅ Direct Delaware Bay Waterfront

✅ Bayfront and Beachfront Lot

✅ Located in Gandy’s Beach

✅ Massive Waterfront Deck

✅ Unobstructed Bay and Sunset Views

✅ Vaulted Ceilings

✅ Open-Concept Living Area

✅ Updated Kitchen with Breakfast Bar

✅ Dishwasher

✅ In-Unit Washer and Dryer

✅ Baseboard Heat

✅ Multi-Unit Cooling

✅ Public Water and Sewer

✅ Driveway Parking

✅ No Basement

✅ No HOA

✅ 2025 Taxes: Approximately $7,269

✅ Strong Fix-and-Flip or Long-Term Rental Potential

📊 RECENT WATERFRONT COMPARABLE SALES:

98 Delaware Ave, Fortescue, NJ 08321
4 Bedrooms | Approximately 1,560 Sq. Ft. | Direct Delaware Bay Waterfront
SOLD: $475,000 — May 2026

View Comparable Sale

94 Delaware Ave, Fortescue, NJ 08321
4 Bedrooms | 2 Bathrooms | Approximately 1,600 Sq. Ft. | Direct Bayfront
SOLD: $450,000 — February 2026

View Comparable Sale

114 Delaware Ave, Fortescue, NJ 08321
5 Bedrooms | 2.5 Bathrooms | Approximately 1,742 Sq. Ft. | Waterfront Renovation Opportunity
SOLD: $350,000 — January 2026

View Comparable Sale

📈 CURRENT SAME-STREET MARKET SUPPORT:

173 Cove Rd, Newport, NJ 08345
4 Bedrooms | 2 Bathrooms | Approximately 1,350 Sq. Ft. | Waterfront
CURRENTLY OFFERED AT: $469,000

View Market Support

📞 NEXT STEPS:

Call or text Harshil at 856-388-5669 for additional property information or showing access.

Submit all offers with proof of funds to:

HARSHIL@HOFHOMEBUYERS.NET