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Key Details
Sold Price $552,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,820 sqft
Price per Sqft $195
MLS Listing ID NJCM2000122
Sold Date 10/01/21
Style Traditional
HOA Y/N N
Abv Grd Liv Area 2,820
Originating Board BRIGHT
Year Built 1910
Annual Tax Amount $7,981
Tax Year 2020
Lot Size 3,600 Sqft
Acres 0.08
Lot Dimensions 40.00 x 90.00
Property Description
JUST ABOUT BEACH BLOCK! DUPLEX! PRIME SHORT TERM RENTAL INVESTMENT! JERSEY SHORE! 322 East Maple Avenue is located a few blocks from the border of Wildwood and North Wildwood, NJ. Less than 500 feet from the boardwalk and beach. Explosive new construction and growth in the area. Some of the most popular beaches, festivals, bars, restaurants, and the boardwalk all just steps away from this solid primary home, second home, or investment property . Almost directly centralized between Morey's Piers Amusement Rides and Surfside Pier. Proven history of repeat renters, already re-booking for 2022 and room to value add! This property is positively unique in its layout. Potential renters have their choice of a six bedroom, two full bath unit or a two bedroom, one full bath unit. This floorplan also allows renters with larger groups to rent the entire home as one single unit, as a eight bedroom, three full bath home. The utility room is centralized on the ground floor between each unit and also offers a half bathroom. Large second floor balcony and front sun room to enjoy that beach air, sunset views, and relaxing environment the Jersey Shore has to offer. The exterior of the home has a rear yard, exterior deck, picnic tables, grill, and outside shower. 2021 income grossed $40,000+ with much room for value add with estimated potential gross income of $65,000+ conservatively. Additionally, the property includes half of a rear garage that straddles the neighboring property line. Property comes furnished and is turn key. The Jersey Shore has seen an influx of year round residents and Wildwood, NJ is no different. Secure your secondary vacation home or investment before someone else does. We look forward to showing you around! Due to seasonal tenants, showings will only be available on Saturdays between the times of 12:00 AM-3:00 PM.
Location
State NJ
County Cape May
Area Wildwood City (20514)
Zoning R-3
Interior
Hot Water Natural Gas
Heating Radiator
Cooling Wall Unit
Heat Source Natural Gas
Exterior
Garage Spaces 4.0
Utilities Available Natural Gas Available
Waterfront N
Water Access N
Accessibility None
Total Parking Spaces 4
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Wildwood City Schools
Others
Tax ID 14-00210-00026 02
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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Bought with Justin M. Selby • Collini Real Estate LLC