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215 E 24th Avenue

North Wildwood, NJ 08260
  • $1,375,000
  • STATUS: Active
  • ON SITE: 174 Days
  • MLS #: 240234
$1,375,000
  • 0
    BEDS
  • 6001 to 10000 SqFt
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family

School Ratings & Info

Description

EXTRAORDINARY INVESTMENT OPPORTUNITY! This charming coastal style six-unit, multifamily property is situated approximately 2.5 blocks from the beach and boardwalk in an amazing location. Enjoy amusements and water parks, fantastic restaurants, recreational parks and so much more, all within close proximity. All units in this building have full heat and air conditioning, offering options for renting for short term summer rentals, longer seasonal / shoulder season rentals or year-round - or a variety, as may suit your needs. You could reserve a unit for personal use and still produce a strong income. The wrap around porch on the second level is the perfect spot to line up the rocking chairs and enjoy the sounds and sights of people enjoying life at the beach. Both units 3 and 4 are accessed from this porch. Unit 3 (on the 2nd level) is a beautiful 2 bedroom, 1 bath with stunning hardwood flooring throughout, a large living room, dining area, kitchen with plenty of cabinets and tile flooring with walk in pantry, and a bath with large tile shower and unique dresser style dual sink vanity and washer/dryer hookups, and a deck off the kitchen. Unit 4 (up the stairs on the 3rd level) is a 2 bedroom, 1 bath with original stainless window features, original doors with glass knobs - it's very charming. This unit has new carpeting throughout, a private washer and dryer, kitchen and living room. The front deck dedicated to this unit has massive and expands the living space. The top floor is unit 5, and that is the largest of the units with 3 bedrooms and 1 bath. Units 1 and 2 are on the ground level. Unit 1 is a two bedroom, two bath with large wet room style tile bathroom, living room, kitchen and its own small deck. Unit 2 is a one bedroom, one bath with a sitting room with patio, kitchen, bath with tub, and a private washer and dryer. Unit 6 is the free standing cottage, which is a 1 bedroom, 1 bath with kitchen and sitting area. The owner has made many improvements to this property - the property has attractive vinyl siding for minimal maintenance, all systems and utilities are separated to each unit, all kitchens and baths have been updated - the property is ready to go for 2024. Situated on a large 64 X 100 lot, there is plenty of parking for all units and outdoor space. Every unit is vacant with the exception of Unit 5 - that unit is rented for $1,900/mo. on a month-to-month basis. Income potential exceeds $125,000 easily and could push higher with a short-term rental approach. Ready to invest in your future and the shore? Call today to reserve your showing!

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Listing information © 2024 Cape May County Association of REALTORS® Multiple Listing Service. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices Fox & Roach, Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-07-18T23:49:46.313.
www.stoneharbornewjerseyhomes.com/homes/146977682
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215 E 24th Avenue North Wildwood, NJ 08260

  • Price: $1,375,000
  • Status: Active
  • On Site: 174 Days
  • MLS #: 240234
0
Beds
0
Baths
0
½ Baths
6001 to 10000 SqFt
Acres
Neighborhood:
07-North Wildwood City
Area:
North Wildwood
Property Description
EXTRAORDINARY INVESTMENT OPPORTUNITY! This charming coastal style six-unit, multifamily property is situated approximately 2.5 blocks from the beach and boardwalk in an amazing location. Enjoy amusements and water parks, fantastic restaurants, recreational parks and so much more, all within close proximity. All units in this building have full heat and air conditioning, offering options for renting for short term summer rentals, longer seasonal / shoulder season rentals or year-round - or a variety, as may suit your needs. You could reserve a unit for personal use and still produce a strong income. The wrap around porch on the second level is the perfect spot to line up the rocking chairs and enjoy the sounds and sights of people enjoying life at the beach. Both units 3 and 4 are accessed from this porch. Unit 3 (on the 2nd level) is a beautiful 2 bedroom, 1 bath with stunning hardwood flooring throughout, a large living room, dining area, kitchen with plenty of cabinets and tile flooring with walk in pantry, and a bath with large tile shower and unique dresser style dual sink vanity and washer/dryer hookups, and a deck off the kitchen. Unit 4 (up the stairs on the 3rd level) is a 2 bedroom, 1 bath with original stainless window features, original doors with glass knobs - it's very charming. This unit has new carpeting throughout, a private washer and dryer, kitchen and living room. The front deck dedicated to this unit has massive and expands the living space. The top floor is unit 5, and that is the largest of the units with 3 bedrooms and 1 bath. Units 1 and 2 are on the ground level. Unit 1 is a two bedroom, two bath with large wet room style tile bathroom, living room, kitchen and its own small deck. Unit 2 is a one bedroom, one bath with a sitting room with patio, kitchen, bath with tub, and a private washer and dryer. Unit 6 is the free standing cottage, which is a 1 bedroom, 1 bath with kitchen and sitting area. The owner has made many improvements to this property - the property has attractive vinyl siding for minimal maintenance, all systems and utilities are separated to each unit, all kitchens and baths have been updated - the property is ready to go for 2024. Situated on a large 64 X 100 lot, there is plenty of parking for all units and outdoor space. Every unit is vacant with the exception of Unit 5 - that unit is rented for $1,900/mo. on a month-to-month basis. Income potential exceeds $125,000 easily and could push higher with a short-term rental approach. Ready to invest in your future and the shore? Call today to reserve your showing!
Exterior Features

Location Cleared LotIsland Lot Size 64 x 100 Outside Features PatioDeckPorchGrill Parking Concrete Driveway

Interior Features

Also Included BlindsCurtains Basement Slab Cooling Ceiling FanCentral Air Heating Gas NaturalForced Air Hot Water Gas Other Rooms Living RoomDining RoomKitchenDen/TV RoomDining AreaPantryLaundry/Utility RoomOther Unit1 Baths 2 Unit1 Bedrooms 2 Unit1 Lavs 0 Unit1 Rooms 6 Unit2 Baths 1 Unit2 Bedrooms 1 Unit2 Lavs 0 Unit2 Rooms 4 Unit3 Baths 1 Unit3 Bedrooms 2 Unit3 Lavs 0 Unit3 Rooms 6 Unit4 Baths 1 Unit4 Bedrooms 2 Unit4 Lavs 0 Unit4 Rooms 5 Unit5 Baths 1 Unit5 Bedrooms 3 Unit5 Lavs 0 Unit5 Rooms 6 Unit6 Baths 1 Unit6 Bedrooms 1 Unit6 Lavs 0 Unit6 Rooms 4

Property Features

Bank Owned No Beach Proximity 2 Blocks Multifamily Type Apartment New Construction No Possession Settlement Separate Meter CoolingElectricGasHeatHot Water Sewer City Subject To Third Party Approval No Suitable For Bed and BreakfastCondo ConversionMulti Family+Rooms Tax Year 2022-2023 Taxes 8370.38 Unit1 Number 1 Unit1 Rent 0 Unit2 Number 2 Unit2 Rent 0 Unit3 Number 3 Unit3 Rent 0 Unit4 Number 4 Unit4 Rent 0 Unit5 Number 5 Unit5 Rent $1900 Unit6 Number 6 Unit6 Rent 0 Water City Zoned R1

© 2024 Cape May County Association of REALTORS® MLS. All Rights Reserved.
Listing provided courtesy of LEES REAL ESTATE: 609-729-5108.


Listing information © 2024 Cape May County Association of REALTORS® Multiple Listing Service. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices Fox & Roach, Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-07-18T23:49:46.313.
 
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