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Key Details
Sold Price $552,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,820 sqft
Price per Sqft $195
MLS Listing ID 212969
Sold Date 09/30/21
Bedrooms 8
Year Built 1910
Annual Tax Amount $7,981
Tax Year 2020
Lot Dimensions 3598
Property Sub-Type Duplex
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 and has been excellently maintained. Explosive new construction and growth in the area. Some of the most popular beaches, bars, restaurants, and the boardwalk are 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. 2021 income grossed $40,000+ with much room for value add with estimated potential income of $60,000+. 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 this area is no different. Secure your secondary vacation home or investment before someone everyone 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 County
Area Wildwood
Building
New Construction No
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Bought with Non Member