Southern New Jersey and Surrounding Areas

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816 Wesley Ave Ave
Ocean City, NJ 08226
MLS# 562814 ID: 75910670
7694 sq.ft.
$2,500,000
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Property Description
4 - 10 Units - Ocean City, NJ Built in 1891, this Ocean City Victorian single-family beauty (over 5600 sq. ft. of living space) known as The Painted Lady is truly one of a kind and part of Ocean City's historical charm. Built in 1891 and carefully restored in 2019, it is also known as The Thomas S. Simmon's House. The main home offers six bedrooms (which includes a beautiful master bedroom and ensuite) and three and a half baths. Enter the upper house via the expansive and airy front wrap-around porch which is second to none in Ocean City. The beautiful formal entry reflects the home's vintage character in the extensive woodwork, fixtures, staircase and hardwood floors. Past meets present in the tastefully designed interior with glass doorknobs, new vintage switch plates, classic furniture pieces and stainless-steel appliances, washer/dryer, full baths with custom tile, granite and glass-enclosed bathing areas. Parking for 2 cars out back, free street parking out front, an outdoor shower and a whole lot more. One of the few properties with a large, shady, outdoor area out back for the kids to enjoy while the adults enjoy the huge wrap around porch that is truly one of a kind. In total the property includes 2 apartments in the rear cottage, 3 apartments on the ground floor of the main building rented yearly and the main residence on the top 3 floors sporting 6 bedrooms and 3 1/2 baths rented weekly bring in over $80,000 in summer rentals. Gross yearly rent in excess of $150,000 per year.
Property Features
Status
Days On Market 57 days
Last Updated July 5, 2022
Market Status Available
Description
Property Type Multi Family
Sq. Feet 7694
Building Features
Cooling System Wall Unit(s) A/C
Heating System Radiant
Heating Fuel Natural Gas
Exterior Features
Patio
Porch/Deck
Legal/Financial
Taxes 5871 (2021)
Listing Features
Property Type MultiFamily; 4 - 10 Units
Room Details
Dining Room
Kitchen
Additional Areas Breakfast Nook; Eat-In Kitchen
Offered By:
Amy LaGrossa
Coldwell Banker Preferred - Haddonfield

Data Provided by South Jersey Shore Regional MLS

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