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Key Details
Sold Price $727,000
Property Type Multi-Family
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 233052
Sold Date 03/20/24
Bedrooms 6
Year Built 1951
Annual Tax Amount $6,625
Tax Year 2022
Lot Dimensions 60x100
Property Description
ATTENTION DEVELOPERS/BUILDERS/INVESTORS! Great Opportunity to purchase!! Very short distance to the bay only 0.2 mile walk for scenic views! This Multi-Family Property in Wildwood Crest is zoned R-2 on 60 x 100 lot. This property is a viable investment property for rentals, all six units were occupied by tenants until October 15th; owner requested tenants vacate prior to listing for sale (only one tenant remains, and they are looking for alternate housing). Six off the street parking spots. The property has three separate electric meters and one gas meter. Current apartment buildings on property being sold "as is". Buy it as an investment property OR tear it down and build a large SINGLE FAMILY HOME or a DUPLEX!! ALL building/zoning questions should be directed to Wildwood Crest zoning and/or construction office. Buyers would be responsible for all permits and for demolition and removal of the existing building. Drive by anytime to see the potential for demolition and new construction!
Location
State NJ
County Cape May County
Area Wildwood Crest
Interior
Hot Water Gas
Heating Gas Natural
Cooling Other
Building
Sewer City
Water City
New Construction No
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Bought with COASTAL ELITE REALTY