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417 E Monterey Avenue

Wildwood Crest, NJ 08260
  • $1,370,000
  • STATUS: Active
  • ON SITE: 14 Days
  • MLS #: 251669
$1,370,000
  • 0
    BEDS
  • 1 to 6000 SqFt
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1955

School Ratings & Info

Description

Rare Opportunity - Beach Block Duplex - THIRD PROPERTY from the beach! You cannot compete with the incredible location of this duplex, situated just a few doors down from the stunning, white sandy beaches of Wildwood Crest. This building was renovated in recent years, and is the ideal situation for living in one unit while renting the other, or rent both units to generate a terrific income. Other options include sharing the property with another buyer or the property would be suitable for a condo conversion! There are endless possibilities for current and future uses for this property. The first floor welcomes you with a front porch with ocean views. Inside is a spacious living room and eat-in kitchen with ceramic tile flooring and stainless steel appliances. These spacious units also have recessed lights and ceiling fans. With 3 bedrooms and 2 full bathrooms, in unit washer/dryer and on demand hot water heater, this is a desirable rental unit. The second floor includes a living room with front deck offering tremendous ocean views, eat-in kitchen with washer/dryer, and 2 bedrooms with full bath. There is also a huge rear deck with plenty of room for lounging in the sun. In this unit, the living room and kitchen both have tile floors, recessed lighting and ceiling fans. Both units have gas heat and central air for year round comfort. You'll appreciate updates such as vinyl siding, newer decks with vinyl railings and clear glass panels for unobstructed views and a modern aesthetic. There is a driveway for plenty of parking, and the rear yard is concrete and offers entertaining space and / or additional parking. A storage shed, enclosed outside shower and separate meters for electric rounds out this incredible property. There are summer rentals booked in both units throughout the summer of 2025. The total income for 2024 was about $55,000 while the expected income for 2025 is $57,000+, with the opportunity to rent additional weeks that are reserved by owner for family use. Act quickly - opportunities to own properties in a location such as this simply do not become available often! * Sale is subject to seller closing on replacement property which has already been identified. *

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Listing information © 2025 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 2025-06-23T23:50:16.83.
www.stoneharbornewjerseyhomes.com/homes/164698671
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417 E Monterey Avenue Wildwood Crest, NJ 08260

  • Price: $1,370,000
  • Status: Active
  • On Site: 14 Days
  • MLS #: 251669
0
Beds
0
Baths
0
½ Baths
1 to 6000 SqFt
Acres
1955
Built
Neighborhood:
15-Wildwood Crest
Area:
Wildwood Crest
Property Description
Rare Opportunity - Beach Block Duplex - THIRD PROPERTY from the beach! You cannot compete with the incredible location of this duplex, situated just a few doors down from the stunning, white sandy beaches of Wildwood Crest. This building was renovated in recent years, and is the ideal situation for living in one unit while renting the other, or rent both units to generate a terrific income. Other options include sharing the property with another buyer or the property would be suitable for a condo conversion! There are endless possibilities for current and future uses for this property. The first floor welcomes you with a front porch with ocean views. Inside is a spacious living room and eat-in kitchen with ceramic tile flooring and stainless steel appliances. These spacious units also have recessed lights and ceiling fans. With 3 bedrooms and 2 full bathrooms, in unit washer/dryer and on demand hot water heater, this is a desirable rental unit. The second floor includes a living room with front deck offering tremendous ocean views, eat-in kitchen with washer/dryer, and 2 bedrooms with full bath. There is also a huge rear deck with plenty of room for lounging in the sun. In this unit, the living room and kitchen both have tile floors, recessed lighting and ceiling fans. Both units have gas heat and central air for year round comfort. You'll appreciate updates such as vinyl siding, newer decks with vinyl railings and clear glass panels for unobstructed views and a modern aesthetic. There is a driveway for plenty of parking, and the rear yard is concrete and offers entertaining space and / or additional parking. A storage shed, enclosed outside shower and separate meters for electric rounds out this incredible property. There are summer rentals booked in both units throughout the summer of 2025. The total income for 2024 was about $55,000 while the expected income for 2025 is $57,000+, with the opportunity to rent additional weeks that are reserved by owner for family use. Act quickly - opportunities to own properties in a location such as this simply do not become available often! * Sale is subject to seller closing on replacement property which has already been identified. *
Exterior Features

Location Beach BlockInside LotWater View Lot Size 40 X 90 Outside Features PatioDeckEnclosed/Cov. PatioPorchStorage BuildingCable TVSidewalksOutside ShowerWaterview Parking 3 CarConcrete Driveway

Interior Features

Also Included BlindsFurniture Basement Crawl Space Cooling Ceiling FanCentral Air Heating Gas NaturalForced Air Hot Water Gas Other Rooms Living RoomEat In KitchenLaundry/Utility RoomStorage Space Unit1 Baths 2 Unit1 Bedrooms 3 Unit1 Rooms 7 Unit2 Baths 1 Unit2 Bedrooms 2 Unit2 Rooms 5

Property Features

Available Income Expense Info Bank Owned No Beach Proximity 1 Block Multifamily Type Duplex Near Feet from beach New Construction No Possession Tenants summer 2025 Separate Meter ElectricGas Sewer City Subject To Third Party Approval No Suitable For Condo ConversionOther (See Remarks) Tax Year 2024 Taxes 9762 Total Assessment 0 Unit1 Number 1 Unit2 Number 2 Water City Zoned M-1B

© 2025 Cape May County Association of REALTORS® MLS. All Rights Reserved.
Listing provided courtesy of LEES REAL ESTATE: 609-729-5108.


Listing information © 2025 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 2025-06-23T23:50:16.83.
 
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