$400,000
$400,000
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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 The wrap around deck has been replaced by modern composite decking.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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Bought with RE/MAX at The Shore
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