For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $600,000
Property Type Multi-Family
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 212383
Sold Date 03/31/22
Bedrooms 6
Year Built 1964
Annual Tax Amount $5,107
Lot Dimensions 45 X 100
Property Description
Rare opportunity with this YEAR-ROUND 5-unit Multi Family complex in desirable Wildwood Crest. Ideally situated just 3 blocks from the FREE Wildwood Crest beaches and just 1 bock from the Bay. This property features 1 (2) bedroom 1 bath owner quarters, plus 4 (1) bedroom 1 bath units. All 5 units are heated and the 4 (1) bedroom units are rented to stabile year-round tenants totaling $3260 month. Most of the units have been updated recently including new flooring, kitchenettes etc. The long-time owners are looking to retire and pass the torch to someone new. Terrific opportunity to utilize the owners' quarters on a full time or part time basis or can also be rented for additional income. Features include outside shower and off-street parking for up to 4 cars. Front portion of roof just replaced in June 2021. On-site property manager occupies one of the 1-bedroom units at a reduced rate for peace of mind when owners arenât present. Sold fully furnished all units. Although no major repairs appear to be needed, property being conveyed âas isâ.
Location
State NJ
County Cape May County
Area Wildwood Crest
Rooms
Other Rooms Living Room, Kitchen, Laundry/Utility Room
Multi-Unit Info
Total Units 5
Unit 1 Information Rooms: 4; Bedroom: 2; Bathroom: 1
Unit 2 Information Rooms: 3; Bedroom: 1; Bathroom: 1
Unit 3 Information Bedroom: 1; Bathroom: 1
Unit 4 Information Bedroom: 1; Bathroom: 1
Interior
Hot Water Gas
Heating Gas Natural, Multi-Zoned
Cooling Wall Air Conditioning
Exterior
Exterior Feature Deck, Outside Shower
Building
Sewer City
Water City
New Construction No
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
Bought with Rio Realty