Wildwood, NJ 08260,121 E Maple Avenue

$400,000

$400,000

Est.Price: ?

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Est. payment /mo

12 Beds

6 Baths


SOLD DATE : 09/02/2020

Key Details

Sold Price $400,000

Property Type Multi-Family

Sub Type Other

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 201611

Sold Date 09/02/20

Bedrooms 12

Annual Tax Amount $7,709

Tax Year 2019

Lot Dimensions 60x90

Property Sub-Type Other

Property Description

If you are looking for an investment property with turn of the century charm and positive cash flow, then you need to take a closer look at this property. All of the mechanical systems have been recently replaced with modern HVAC, fire safety systems and all new plumbing. The wrap around deck has been replaced by modern composite decking. Every apartment has two exits for increased safety and the common areas and exits are all monitored by security cameras. All of the kitchens have been updated too. There is off street parking for up to eight cars. This large property also has an exterior storage unit, a laundry room and three outside showers to wash off the sand after a fun day at the beach. This building has generated $75,000 in rental income from May to September. Just imagine the potential with year round tenants.

Location

State NJ

Area Wildwood

Zoning r-3

Location Details Island

Interior

Hot Water Gas

Heating Gas Natural, Forced Air, Multi-Zoned

Cooling Central Air, Ceiling Fan, Multi Zoned

Exterior

Exterior Feature Patio, Porch

Building

Lot Description Island

Sewer City

Water City

New Construction No

Others

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

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Listed by eXp REALTY - CMCH
Bought with RE/MAX at The Shore

GET MORE INFORMATION

Name

Phone*

Message

Chip Watson

+1(856) 625-5900

howard.watson@exprealty.com