Open House Sat, Jul 9th 12:00 PM - 02:00 PM
Address
224 E 20th Street, Wildwood, NJ
Price
$ 1,650,000
Property Attributes
  • MLS#221430
  • TypeMulti-Family
  • CountyCAPE MAY
  • CityWildwood
  • AreaNorth Wildwood
  • NeighborhoodNorth Wildwood City
  • Zip08260
  • StyleTriplex
  • Year Built1925
  • Taxes$ 8383
  • Price$ 1,650,000
  • Bedrooms13
  • Full Bathrooms6
  • Half Bathrooms0
Listing Provided Courtesy Of:
eXp REALTY
Data Source:
Cape May County MLS (CMCAR)
Property Description

AMAZING investment opportunity! Wonderful multi- unit with $130K in income currently booked for summer 2022 and more projected. 2021 had $147K of gross revenue. This completely turnkey triplex comes fully furnished and is centrally located just three short blocks to the beach and boardwalk and SLEEPS UP TO 35 PEOPLE!. The main unit has three floors of comfortable, spacious living space with 7 bedrooms and 3 baths and a wonderful wrap-around porch spanning two levels of this massive home, lined with rockers and perfect for those breezy summer nights. The second unit consists of 4 bedrooms and 2 full baths along with a back “cottage” unit that has 2 beds and 1 bath. Each unit has central air, designated own outdoor shower, off-street parking that can hold up to 6 cars, outdoor storage for each unit and outdoor grounds for each unit along with two grills for a big summer BBQ. The current owners have made updates to each unit in the kitchen and baths and everything right down to the sheets and vacuums are included in the sale - truly a turnkey property. With a history of repeat renters this home is easily rented all summer - add in the shoulder months for reunions or large groups vacationing together or winter rentals and increase your income even more! Or keep one unit for yourself and let the rest of the rental income pay for your beach home. The possibilities are endless! This is one of the largest multi-unit rental properties in North Wildwood situated on a wonderful residential street. You won’t want to miss out on your chance to add this to your income portfolio. You’ll be amazed at the size of this home. Schedule your tour today and see it for yourself.

Price History
5/12/2022 Listed $1,799,000
6/3/2022 9% - $1,650,000

General Features

Cooling Central Air, Ceiling Fan
Exterior Features Patio, Deck, Porch, Fenced Yard, Sidewalks, Outside Shower
Heating Gas Natural
Parking Parking Pad, Concrete Driveway
Type Triplex
Water Public
Zoning R1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 08260

Price
AVG $1.23M
$1.65M
Taxes
AVG $6,712
$8,383
Visits
AVG 28
20
Year Built
AVG 1936
1925
Walkscore
AVG 66
76
Data Provided by Walkscore ® not using MLS data