Description
Amazing Opportunity just over 1 block to the World Famous Wildwood Beach and Boardwalk. This Beautiful Brick Building is not only perfect for the Investor ($65-70k income potential), but is ideal for 2 families looking to purchase together. This is also the perfect property for a condo conversion. This property could sell for $400k +/Unit with the Top Floor Fetching Over $475,000. The 1st Floor is a 3 Bedroom 2 Bath Flat with Spacious Front porch, Living room, dining room, kitchen and Laundry. The 2nd floor, 5 Bedroom Townhouse's first floor is similar to the First floor, but features exposed brick in the Living Room, Dining and Bedrooms as well as and additional 3rd Floor. The 3rd Floor is currently set up as 2 Bedrooms and Bath, but is also perfect for a 2nd Living Room and Bedroom. The Owner has recently redone decks and railings. He also upgraded the heating and cooling systems by installing 10 mini splits to provide gas powered heating and cooling. Please ignore old pics of wall air conditioning. There is a Gas Boiler that is only 3 years old as well as a large detached garage type shed in the rear of the home. Please note that the rental rates are based on similar 3 and 4/5 bedroom units and your rentals may vary. Current owner is renting Downstairs between 375-475 night and upstairs between $500-$700/night via Airbnb
Location
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Courtesy of: LONG & FOSTER REAL ESTATE, INC Av Copyright 2022 Cape May County Association of 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 is deemed reliable but is not guaranteed accurate by the MLS. Updated: 16th August, 2022 10:19 PM (UTC)
