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    238 E Leaming

    Wildwood, NJ 08260
    • $649,777
    • STATUS: Active
    • ON SITE: 27 days
    • MLS #: 211812
    UPDATED: 217 min ago
    $649,777
    • 0
      BEDS
    • 1 to 6000 SqFt
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Area:

    School Ratings & Info

    Description

    Amazing Opportunity to own (6) 2 Bedroom units just 1.5 blocks to the Beach. Conveniently located just a few blocks to the convention center, Wildwood Crest and the Boards. Property has 5 of 6 units rented this season (Full Season rentals) for $56000. If you were to rent owners quarters, you would have $66,000 in rentals this season alone. If rented weekly, we believe this property would gross over $80,000/season. This property consists of a 4 unit front building and a rear duplex. This Cash Cow also has an outside shower, Private decks for tenants, an ocean view, huge driveway, outside shower and is surrounded by a lot of newer construction homes. If this property were to be converted to condos, Out sales would easily exceed $1million in todays market. Properties being sold turnkey and ready for tenants. 24 HOUSR NOTICE REQUIRED

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    Listing information © 2021 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 2021-06-15T23:49:31.77.
    www.theoceansiderealtyteam.com/homes/117359941
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    238 E Leaming Wildwood, NJ 08260

    • Price: $649,777
    • Status: Active
    • Updated: 217 min ago
    • MLS #: 211812
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1 to 6000 SqFt
    Acres
    Neighborhood:
    14-Wildwood City
    Area:
    Wildwood
    Property Description
    Amazing Opportunity to own (6) 2 Bedroom units just 1.5 blocks to the Beach. Conveniently located just a few blocks to the convention center, Wildwood Crest and the Boards. Property has 5 of 6 units rented this season (Full Season rentals) for $56000. If you were to rent owners quarters, you would have $66,000 in rentals this season alone. If rented weekly, we believe this property would gross over $80,000/season. This property consists of a 4 unit front building and a rear duplex. This Cash Cow also has an outside shower, Private decks for tenants, an ocean view, huge driveway, outside shower and is surrounded by a lot of newer construction homes. If this property were to be converted to condos, Out sales would easily exceed $1million in todays market. Properties being sold turnkey and ready for tenants. 24 HOUSR NOTICE REQUIRED
    Exterior Features

    Location IslandWater View Lot Size 40X100 Outside Features DeckEnclosed/Cov. PatioPorchStorage BuildingCable TvSidewalksOutside Shower Parking 3 CarConcrete Driveway

    Interior Features

    Also Included Furniture Basement Crawl Space Cooling Wall Air Conditioning Heating Baseboard Other Rooms Living RoomDining RoomKitchenDen/Tv RoomEat In Kitchen Unit1 Baths 1 Unit1 Bedrooms 2 Unit1 Rooms 5 Unit2 Baths 1 Unit2 Bedrooms 2 Unit2 Rooms 5 Unit3 Baths 1 Unit3 Bedrooms 2 Unit3 Rooms 5 Unit4 Baths 1 Unit4 Bedrooms 2 Unit4 Rooms 5 Unit5 Baths 1 Unit5 Bedrooms 2 Unit5 Rooms 5 Unit6 Baths 1 Unit6 Bedrooms 2 Unit6 Rooms 5

    Property Features

    Available State Housing Certificate Bank Owned No Beach Proximity 2 Blocks Multifamily Type Other Near BeachBoardsConvention New Construction No Possession Settlement Separate Meter Electric Sewer City Subject To Third Party Approval No Suitable For Condo ConversionMulti Family+RoomsOther (See Remarks) Taxes 8831.85 Unit1 Number 1 Unit1 Rent Owner Unit2 Number 2 Unit2 Rent $8900 Unit3 Number 3 Unit3 Rent $9200 Unit4 Number 4 Unit4 Rent $9200 Unit5 Number 5 Unit5 Rent $9900 Unit6 Number 6 Unit6 Rent $9900 Water City Zoned Rm

    © 2021 Cape May County Association of REALTORS® MLS. All Rights Reserved.
    Listing provided courtesy of Long & Foster Real Estate, INC Av.


    Listing information © 2021 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 2021-06-15T23:49:31.77.
     
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    The Oceanside Realty Team | Keller Williams Jersey Shore
    5501 New Jersey Avenue
    Wildwood Crest NJ, 08260