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Key Details
Sold Price $510,000
Property Type Multi-Family
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 3,058 sqft
Price per Sqft $166
MLS Listing ID 190759
Sold Date 03/13/20
Year Built 1925
Annual Tax Amount $5,447
Lot Dimensions 30x100
Property Sub-Type Apartment
Property Description
You are going to love this property for sale!!! This is your opportunity to own the perfect 7-unit multi-family investment property near the beach with 7 deeded parking spaces, one for each unit! Maybe enjoy vacationing in one unit while generating an income from the other 6 units or just keep them all as income producing machines! So nicely decorated, a turn key operation and a must see! 5 units in the front and 2 units in the rear. The owner's use includes 4 year round tenants and 3 seasonal vacation rentals. Located in beautiful North Wildwood and so close to everything you need, the beach, the jetty, the sunrises and sunsets, some of the best restaurants and most fun bars, the Wawa, the Dairy Queen and the list goes on! 1 & 2 units share the same meter, 3, 4 & 5 units share the same meter, 6 has its own meter and 7 has its own meter. In addition to the $51,000. rental income in 2019, there is still more money to be made if renting off season because all 7 units have heat all throughout the year! Unit #1 2 Bed & 2 Bath Unit #2 Efficiency & 1 Bath Unit #3 1 Bed & 1 Bath Unit #4 Efficiency & 1 Bath Unit #5 1 Bed & 1 Bath Unit #6 2 Bed & 1 Bath Unit #7 2 Bed & 1 Bath This is an opportunity of a lifetime for this great price!
Location
State NJ
Area North Wildwood/Anglesea
Location Details Inside Lot,Island
Rooms
Other Rooms Living Room, Kitchen, Eat In Kitchen
Interior
Hot Water Electric
Heating Radiator
Cooling Wall Air Conditioning
Building
Lot Description Inside Lot, Island
Sewer Public
Water Public
New Construction No
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Bought with KELLER WILLIAMS REALTY JERSEY SHORE - AV