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224 E 20th

North Wildwood, NJ 08260
  • $1,650,000
  • STATUS: Active
  • ON SITE: 141 Days
  • MLS #: 562863
$1,650,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1925
County:

School Ratings & Info

Description

Investment opportunity! Wonderful multi- unit with $130K in income currently booked for summer 2022 and more projected. 2021 had $147K gross revenue. This completely turnkey triplex comes fully furnished and is centrally located just three short blocks to the beach and boardwalk and SLEEPS UP TO 35 PEOPLE!. The main unit has three floors of comfortable, spacious living space with 7 bedrooms and 3 baths and a wonderful wrap-around porch spanning two levels of this massive home, lined with rockers and perfect for those breezy summer nights. The second unit consists of 4 bedrooms and 2 full baths along with a back "cottage unit that has 2 beds and 1 bath. Each unit has central air, designated own outdoor shower, off-street parking that can hold up to 6 cars, outdoor storage for each unit and outdoor grounds for each unit along with two grills for a big summer BBQ. The current owners have made updates to each unit in the kitchen and baths and everything right down to the sheets and vacuums are included in the sale - truly a turnkey property. With a history of repeat renters this home is easily rented all summer - add in the shoulder months for reunions or large groups vacationing together or winter rentals and increase your income even more! Or keep one unit for yourself and let the rest of the rental income pay for your beach home. The possibilities are endless! This is one of the largest multi-unit rental properties in North Wildwood situated on a wonderful residential st

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© 2022 South Jersey Shore Regional MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Cheryl Huber Team. Properties marked with the Broker Reciprocity icon or thumbnail icon (a small house) are provided courtesy of the South Jersey Shore Regional MLS Broker Reciprocity Database. Data last updated 2022-09-30T23:49:52.24.
www.oceancitynewjerseyhomes.com/homes/128635673
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224 E 20th North Wildwood, NJ 08260

  • Price: $1,650,000
  • Status: Active
  • On Site: 141 Days
  • MLS #: 562863
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1925
Built
Neighborhood:
North Wildwood
County:
Cape May
Area:
North Wildwood
Property Description
Investment opportunity! Wonderful multi- unit with $130K in income currently booked for summer 2022 and more projected. 2021 had $147K gross revenue. This completely turnkey triplex comes fully furnished and is centrally located just three short blocks to the beach and boardwalk and SLEEPS UP TO 35 PEOPLE!. The main unit has three floors of comfortable, spacious living space with 7 bedrooms and 3 baths and a wonderful wrap-around porch spanning two levels of this massive home, lined with rockers and perfect for those breezy summer nights. The second unit consists of 4 bedrooms and 2 full baths along with a back "cottage unit that has 2 beds and 1 bath. Each unit has central air, designated own outdoor shower, off-street parking that can hold up to 6 cars, outdoor storage for each unit and outdoor grounds for each unit along with two grills for a big summer BBQ. The current owners have made updates to each unit in the kitchen and baths and everything right down to the sheets and vacuums are included in the sale - truly a turnkey property. With a history of repeat renters this home is easily rented all summer - add in the shoulder months for reunions or large groups vacationing together or winter rentals and increase your income even more! Or keep one unit for yourself and let the rest of the rental income pay for your beach home. The possibilities are endless! This is one of the largest multi-unit rental properties in North Wildwood situated on a wonderful residential st
Exterior Features

Driveway Concrete Garage None Lot Dimensions 60 X 100 Outside Features DeckFenced YardOutside ShowerPatioPorchSidewalks Parking Parking Pad Siding Exterior Vinyl

Interior Features

Air Conditioning Ceiling Fan(S)Central Also Includes Furnished Heating Gas-Natural Other Rooms Breakfast NookDen/Tv RoomDining RoomEat In KitchenKitchenLaundry/Utility RmLiving Room

Property Features

Approved Short Sale No Auction YN No Bank Owned Foreclosure No May Be Subject To Third Party Approval Short Sale No Multifamily Type Triplex Sale Or Rent For Sale Sewer Public Sewer Tax Year 2021 Taxes 8383 Water Public

South Jersey Shore Regional MLS logo Listing information © 2022 South Jersey Shore Regional MLS.
Listing provided courtesy of Exp Realty - Montclair: .


© 2022 South Jersey Shore Regional MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Cheryl Huber Team. Properties marked with the Broker Reciprocity icon or thumbnail icon (a small house) are provided courtesy of the South Jersey Shore Regional MLS Broker Reciprocity Database. Data last updated 2022-09-30T23:49:52.24.
 
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