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224 E 20TH Street

NORTH WILDWOOD, NJ 08260
  • $1,650,000
  • STATUS: Active
  • ON SITE: 88 Days
  • ID#: NJCM2001014
UPDATED: 64 min ago
$1,650,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,422
    SQFT
  • $373
    $/SQFT
Type:
Multi-Family
Built:
1925
County:

School Ratings & Info

School District:

Description

AMAZING investment opportunity! Wonderful multi- unit with $130K in income currently booked for summer 2022 and more projected. 2021 had $147K of 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 +G+cottage+G- 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 street. You won+GGt want to miss out on your chance to add this to your income portfolio. You+GGll be amazed at the size of this home. Schedule your tour today and see it for yourself.

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©2022 Bright 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-09T18:04:15.223.
www.locomusings.com/homes/128635366
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224 E 20TH Street NORTH WILDWOOD, NJ 08260

  • Price: $1,650,000
  • Status: Active
  • On Site: 88 Days
  • Updated: 64 min ago
  • ID#: NJCM2001014
0
Beds
0
Baths
0
½ Baths
0.14
Acres
4,422
SQFT
$373
$/SQFT
1925
Built
Neighborhood:
North Wildwood City (20507)
County:
Cape May
Area:
North Wildwood City (20507)
School District:
Wildwood City Schools
Property Description
AMAZING investment opportunity! Wonderful multi- unit with $130K in income currently booked for summer 2022 and more projected. 2021 had $147K of 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 +G+cottage+G- 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 street. You won+GGt want to miss out on your chance to add this to your income portfolio. You+GGll be amazed at the size of this home. Schedule your tour today and see it for yourself.
Exterior Features

Architectural Style Unit/Flat Construction Materials Vinyl Siding Garage YN No Other Structures Above GradeBelow Grade Parking Types DrivewayOff Street Pool No Pool Property Condition Excellent Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 4422 Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Ceiling Fan(S)Central A/C Fireplace YN No Fireplaces Total 0 Heating Forced Air Heating YN Yes Inclusions All Furniture Rooms Total 25 Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 0

Property Features

Accessibility Features None Assessment Year 2021 Central Air YN Yes Cooling Fuel None Existing Lease Type Weekly Foundation Details Slab Heating Fuel Natural Gas Hot Water Natural Gas Municipality North Wildwood City Navigable Water YN N New Construction YN No Number Of Units Leased 3 Number Of Units Total 3 Original MLSNumber 801555956368 Ownership Interest Fee Simple Possession Settlement Property Sub Type Triplex Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 8383.00 Tax Assessment Amount 598400.00 Tax Lot 00009 Vacation Rental YN No Water Source Public Zoning R1

Listing courtesy of Exp Realty, Llc.


©2022 Bright 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-09T18:04:15.223.
 
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