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224 E 20th

North Wildwood, NJ 08260
  • $1,650,000
  • STATUS: Active
  • ON SITE: 44 Days
  • MLS #: 221430
UPDATED: 56 min ago
$1,650,000
  • 0
    BEDS
  • 1 to 6000 SqFt
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1925

School Ratings & Info

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 "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 street. You wont want to miss out on your chance to add this to your income portfolio. Youll be amazed at the size of this home. Schedule your tour today and see it for yourself.

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Listing information © 2022 Cape May County Association of REALTORS® Multiple Listing Service. Information is deemed reliable but is not guaranteed accurate by the MLS or The Oceanside Realty Team | Keller Williams Jersey Shore. 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. Data last updated 2022-06-26T18:49:53.197.
www.theoceansiderealtyteam.com/homes/128635664
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224 E 20th North Wildwood, NJ 08260

  • Price: $1,650,000
  • Status: Active
  • On Site: 44 Days
  • Updated: 56 min ago
  • MLS #: 221430
0
Beds
0
Baths
0
½ Baths
1 to 6000 SqFt
Acres
1925
Built
Neighborhood:
07-North Wildwood City
Area:
North Wildwood
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 "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 street. You wont want to miss out on your chance to add this to your income portfolio. Youll be amazed at the size of this home. Schedule your tour today and see it for yourself.
Exterior Features

Location Island Lot Size 60 X 100 Outside Features PatioDeckPorchFenced YardSidewalksOutside Shower Parking Parking PadConcrete Driveway

Interior Features

Also Included Furniture Cooling Ceiling FanCentral Air Heating Gas Natural Hot Water Gas Other Rooms Living RoomDining RoomKitchenDen/Tv RoomEat In KitchenBreakfast NookLaundry/Utility RoomStorage Space Unit1 Baths 2 Unit1 Bedrooms 4 Unit1 Lavs 0 Unit1 Rooms 8 Unit2 Baths 3 Unit2 Bedrooms 7 Unit2 Lavs 0 Unit2 Rooms 12 Unit3 Baths 1 Unit3 Bedrooms 2 Unit3 Lavs 0 Unit3 Rooms 5

Property Features

Bank Owned No Beach Proximity 2 Blocks Multifamily Type Triplex New Construction No Possession Settlement Sewer Public Subject To Third Party Approval No Suitable For Bed And BreakfastCondo ConversionMulti Family+RoomsRooming House Tax Year 2021 Taxes 8383 Total Assessment 598400 Unit1 Number 1 Unit2 Number 2 Unit3 Number 3 Water Public Zoned R1

© 2022 Cape May County Association of REALTORS® MLS. All Rights Reserved.
Listing provided courtesy of Exp Realty.


Listing information © 2022 Cape May County Association of REALTORS® Multiple Listing Service. Information is deemed reliable but is not guaranteed accurate by the MLS or The Oceanside Realty Team | Keller Williams Jersey Shore. 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. Data last updated 2022-06-26T18:49:53.197.
 
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The Oceanside Realty Team | Keller Williams Jersey Shore
5501 New Jersey Avenue
Wildwood Crest NJ, 08260