North Wildwood, NJ 08260-3029,419 W Spruce Avenue
$510,000
Est. payment /mo
Est.Price: ?

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3,058 SqFt
SOLD DATE : 03/13/2020

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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Listed by LONG & FOSTER REAL ESTATE, INC av
Bought with KELLER WILLIAMS REALTY JERSEY SHORE - AV

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agent

Springer Realty Group

+1(484) 498-4000

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