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4207-4209 New Jersey

Wildwood, NJ 08260
  • $849,900
  • STATUS: Active
  • ON SITE: 33 days
  • MLS #: 211798
UPDATED: 62 min ago
$849,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Area:

School Ratings & Info

Description

Undeniably one of the best YEAR-ROUND cash flow opportunities on the market with this mixed use 6-unit complex! Ideal location just 3 blocks to the beach and boardwalk. Property consists of: (2) 1-bedroom units, (1) 2-bedroom unit, (1) 3-bedroom unit, (1) 2-bedroom 2 bath detached single family home and 1 large retail store at approx. 3000 s.f. All 5 rental units are currently occupied on a year-round basis generating a whopping $5850 in monthly gross rents. In addition, the seller who owns and operates the long-time established retail furniture/carpet business portion, is willing to lease back the retail space for 3-5 years at $1500 month and credit the new buyer 3 years advanced rent in the amount of $54k at closing making the total rental income from the 5 units and the retail store a grand total of $7350 month or $88,000 a year! All units separately metered keeping expenses at a minimum. Ideal 1031 Exchange candidate. Furniture and carpet business name, goodwill and inventory excluded from the sale. Minimum 48 hours' notice for showings.

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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 2021-06-21T13:49:36.497.
www.theoceansiderealtyteam.com/homes/117325679
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4207-4209 New Jersey Wildwood, NJ 08260

  • Price: $849,900
  • Status: Active
  • Updated: 62 min ago
  • MLS #: 211798
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
14-Wildwood City
Area:
Wildwood
Property Description
Undeniably one of the best YEAR-ROUND cash flow opportunities on the market with this mixed use 6-unit complex! Ideal location just 3 blocks to the beach and boardwalk. Property consists of: (2) 1-bedroom units, (1) 2-bedroom unit, (1) 3-bedroom unit, (1) 2-bedroom 2 bath detached single family home and 1 large retail store at approx. 3000 s.f. All 5 rental units are currently occupied on a year-round basis generating a whopping $5850 in monthly gross rents. In addition, the seller who owns and operates the long-time established retail furniture/carpet business portion, is willing to lease back the retail space for 3-5 years at $1500 month and credit the new buyer 3 years advanced rent in the amount of $54k at closing making the total rental income from the 5 units and the retail store a grand total of $7350 month or $88,000 a year! All units separately metered keeping expenses at a minimum. Ideal 1031 Exchange candidate. Furniture and carpet business name, goodwill and inventory excluded from the sale. Minimum 48 hours' notice for showings.
Exterior Features

Location Business District Lot Size 50 X 100

Interior Features

Interior Features Restroom

Property Features

Bank Owned No Beach Proximity 3 Blocks Commercial Type Other Near Beach & Boardwalk New Construction No Possession Closing Sale Or Rent For Sale Sewer City Subject To Third Party Approval No Taxes 9931.48 Type Commercial Water City Zoned Gc

© 2021 Cape May County Association of REALTORS® MLS. All Rights Reserved.
Listing provided courtesy of Rio Realty.


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 2021-06-21T13:49:36.497.
 
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The Oceanside Realty Team | Keller Williams Jersey Shore
5501 New Jersey Avenue
Wildwood Crest NJ, 08260