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    2704 Atlantic

    Wildwood, NJ 08260
    • $799,900
    • STATUS: Active
    • ON SITE: 138 days
    • MLS #: 203393
    UPDATED: 13 min ago
    $799,900
    • 0
      BEDS
    • 1 to 6000 SqFt
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1932
    Area:

    School Ratings & Info

    Description

    Presenting .... "The Ultra"! This is a very unique offering for an investor who truly understands the value of a one of a kind and beautifully maintained opportunity! Generating $80,000+/ season, with a total of 14 bedrooms and 5.5 bathrooms, and 10+ car parking, this property spans four stories. The main attraction of this stunner is an 8 bedroom, 3.5 bath residence which comprises the 2nd, 3rd and 4th levels, accommodating a total of 30 people. Included is a large foyer, living room area, kitchen with two ranges, three refrigerators, two microwaves and a dishwasher to easily accommodate the cooking and eating needs of large groups, and a spacious dining area. The rooms throughout are a nice size, and there is a woodturning fireplace on the main living area with a gas insert. You will surely appreciate the many architectural and period details such a gorgeous fireplace, moldings, incredible extra wide wood front door, wood trim, and so much more. All baths are full tile for easy care. This unit has gas hot water and window A/C units for summer comfort. The carpets were new in 2019. There is also a laundry room available. The owner currently rents this unit for approximately $5,000/week in the summer. The first floor has two 3 bedroom, 1 bath apartments that rent each summer season for $14,000 - $16,000 each including utilities, and they are already rented for the 2021 season. There are also rentals in the main house booked for 2021 totaling so far approximately $24,000 - a buyer would need to honor those rentals, call for more details. The exterior of this property is vinyl sided, all trim is Azek, and it is super clean - you will be very impressed with the condition of this property. There is a workshop on premises, built in security cameras including night vision, decks galore for maximum outdoor living enjoyment, and a huge garage with loft for all of your storage needs. There are 3 electric meters and 1 gas meter. Enjoy TEN CAR PARKING (YES, 10 CARS!) and a huge yard which begs for a pool - what an amazing addition that would be to round off this incredible property, and elevate the enjoyment and potential rental income to the stratosphere! The possibilities are truly endless - you could rent all three units for maximum income - the seller generates over $80,000/year currently - or just rent the first floor units for $30,000/income each year to help cover the expenses, and enjoy the main home for your vacation home - great for multiple buyers to go in on together! Vacant and ready to be shown, call today!

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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 2021-01-26T07:49:41.073.
    www.theoceansiderealtyteam.com/homes/109848756
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    2704 Atlantic Wildwood, NJ 08260

    • Price: $799,900
    • Status: Active
    • Updated: 13 min ago
    • MLS #: 203393
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1 to 6000 SqFt
    Acres
    1932
    Built
    Neighborhood:
    14-Wildwood City
    Area:
    Wildwood
    Property Description
    Presenting .... "The Ultra"! This is a very unique offering for an investor who truly understands the value of a one of a kind and beautifully maintained opportunity! Generating $80,000+/ season, with a total of 14 bedrooms and 5.5 bathrooms, and 10+ car parking, this property spans four stories. The main attraction of this stunner is an 8 bedroom, 3.5 bath residence which comprises the 2nd, 3rd and 4th levels, accommodating a total of 30 people. Included is a large foyer, living room area, kitchen with two ranges, three refrigerators, two microwaves and a dishwasher to easily accommodate the cooking and eating needs of large groups, and a spacious dining area. The rooms throughout are a nice size, and there is a woodturning fireplace on the main living area with a gas insert. You will surely appreciate the many architectural and period details such a gorgeous fireplace, moldings, incredible extra wide wood front door, wood trim, and so much more. All baths are full tile for easy care. This unit has gas hot water and window A/C units for summer comfort. The carpets were new in 2019. There is also a laundry room available. The owner currently rents this unit for approximately $5,000/week in the summer. The first floor has two 3 bedroom, 1 bath apartments that rent each summer season for $14,000 - $16,000 each including utilities, and they are already rented for the 2021 season. There are also rentals in the main house booked for 2021 totaling so far approximately $24,000 - a buyer would need to honor those rentals, call for more details. The exterior of this property is vinyl sided, all trim is Azek, and it is super clean - you will be very impressed with the condition of this property. There is a workshop on premises, built in security cameras including night vision, decks galore for maximum outdoor living enjoyment, and a huge garage with loft for all of your storage needs. There are 3 electric meters and 1 gas meter. Enjoy TEN CAR PARKING (YES, 10 CARS!) and a huge yard which begs for a pool - what an amazing addition that would be to round off this incredible property, and elevate the enjoyment and potential rental income to the stratosphere! The possibilities are truly endless - you could rent all three units for maximum income - the seller generates over $80,000/year currently - or just rent the first floor units for $30,000/income each year to help cover the expenses, and enjoy the main home for your vacation home - great for multiple buyers to go in on together! Vacant and ready to be shown, call today!
    Exterior Features

    Location Island Lot Size 60 X 96 Outside Features PatioDeckPorchStorage BuildingCable TvSidewalks Parking 1 Car2 Car3 CarConcrete Driveway

    Interior Features

    Also Included CurtainsFurniture Basement Crawl Space Cooling Wall Air Conditioning Other Rooms Living RoomDining RoomKitchenDen/Tv RoomRecreation/FamilyEat In KitchenStorage Space Unit1 Baths 1 Unit1 Bedrooms 3 Unit1 Lavs 0 Unit1 Rooms 6 Unit2 Baths 1 Unit2 Bedrooms 3 Unit2 Lavs 0 Unit2 Rooms 6 Unit3 Baths 3 Unit3 Bedrooms 8 Unit3 Lavs 1 Unit3 Rooms 14

    Property Features

    Bank Owned No Beach Proximity 2 Blocks Multifamily Type Triplex New Construction No Possession 2021 Summer Rentals Separate Meter Electric Sewer City Subject To Third Party Approval No Suitable For Bed And BreakfastMulti Family+RoomsRooming House Taxes 11466.07 Unit1 Number 1 Unit1 Rent 14000 Unit2 Number 2 Unit2 Rent 16000 Unit3 Number 3 Unit3 Rent 48000 Water City Zoned R-3

    © 2021 Cape May County Association of REALTORS® MLS. All Rights Reserved.
    Listing provided courtesy of Lees Real Estate.


    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 2021-01-26T07:49:41.073.
     
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    5501 New Jersey Avenue
    Wildwood Crest NJ, 08260