$600,000
$675,000
11.1%For more information regarding the value of a property, please contact us for a free consultation.
2,344 SqFt
SOLD DATE : 03/31/2022
Key Details
Sold Price $600,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 2,344 sqft
Price per Sqft $255
MLS Listing ID NJCM2000068
Sold Date 03/31/22
Style Traditional
HOA Y/N N
Abv Grd Liv Area 2,344
Originating Board BRIGHT
Year Built 1964
Annual Tax Amount $5,254
Tax Year 2021
Lot Size 4,500 Sqft
Acres 0.1
Lot Dimensions 45.00 x 100.00
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 arent present. Sold fully furnished all units. Although no major repairs appear to be needed, property being conveyed as is.
Location
State NJ
County Cape May
Area Wildwood Crest Boro (20515)
Zoning B-1
Interior
Hot Water Natural Gas
Heating Baseboard - Hot Water
Cooling Wall Unit
Heat Source Natural Gas
Exterior
Garage Spaces 4.0
Water Access N
Accessibility None
Total Parking Spaces 4
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Wildwood Crest Schools
Others
Tax ID 15-00055-00004 02
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with John E Renteria • Rio Realty