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224 E 20th Street
North Wildwood, NJ 08260
MLS# NJCM2001014 ID: 75940854
4422 sq.ft.
$1,799,000
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Property Description
Unit/Flat, Detached - NORTH WILDWOOD, NJ 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.
Property Features
Status
Days On Market 10 days
Last Updated May 18, 2022
Market Status Available
Description
Property Type Multi Family
Year Built 1925
Approx. Lot Size .14 Acres
Sq. Feet 4422
Building Features
Cooling System Ceiling Fan(s)
Heating System Forced Air
Central Air
Exterior Features
Exterior Construction Vinyl Siding
Parking 7 spaces
Legal/Financial
Taxes 8383
Listing Features
Property Type MultiFamily; Single Family Detached
Offered By:
CAROLINE KELL
EXP Realty, LLC

Data Provided by Bright MLS

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