For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $2,500,000
Property Type Multi-Family
Sub Type 4 - 10 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 547394
Sold Date 04/28/21
Annual Tax Amount $10,045
Tax Year 2020
Property Description
COME SEE this Incredible 17-Room/11-Bath Rooming House (converted Single Family) Multi-Family MONEY-MAKING 4-UNIT Compound! Beautifully renovated CASH COW property consists of main home with 7+beds/5 baths; plus 3 additional apartments: one 4-Bed/2-Bath unit (w/handicap access) & two 3-Bed/2-Baths units. Charming Victorian is RENTAL MACHINE full of alluring character, boasts large living/dining & kitchen to entertain/sleep 17 in main house+30 guests in other 3 units. Main house has wide-plank hardwood floors; beautiful new kitchen; carved oak staircase w/original stained glass window; new Anderson windows throughout; decorative fireplace gorgeous walnut/mahogany bar; pocket oak doors; wide trim/arched doorways. All 4 units come w/fully equipped modern kitchens, appliances, granite tops; tiled baths & showers; new flooring; multiple porches, patios & outdoor living areas; & ocean views off 2nd/3rd fl. Plus, 8 onsite parking spots! Seller consistently generates impressive annual gross rentals (mostly from 3 units while living in Apt C). And you just can’t beat the incredible BEACHBLOCK/Off-Boardwalk trophy location! Situated across street from Ocean City tennis courts, steps to beach/boardwalk/rides & few short block walk to downtown shopping/restaurants. Value opportunities like this to buy incredible BEACH HOME w/bonus units offered to in-laws/family/friends, or to rent for fabulous income streams simply don’t come around – not in ANY market! Call Us Now & Submit Offer!
Location
State NJ
County Cape May
Community Ocean City
Area Ocean City/Northend
Location Details Beach Block,See Remarks,Boardwalk Area,Water View
Rooms
Other Rooms Den/TV Room, Dining Area, Dining Room, Eat In Kitchen, Kitchen, Laundry/Utility Rm, Living Room, Pantry, Recreation/Family, Storage Attic
Basement Slab
Interior
Heating Baseboard, Electric, Forced Air, Gas-Natural, Multi-Zoned
Exterior
Exterior Feature Asbestos, Concrete, Masonry/Block, Stone, Stucco, Vinyl
Parking Features None
Building
Sewer Public Sewer
Water Public
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP