$840,000
$879,000
4.4%For more information regarding the value of a property, please contact us for a free consultation.
102 W 24th Avenue North Wildwood, NJ 08260
6 Beds
4 Baths
5,998 SqFt
Key Details
Sold Price $840,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 5,998 sqft
Price per Sqft $140
MLS Listing ID 240189
Bedrooms 6
Annual Tax Amount $5,130
Tax Year 2022
Property Sub-Type Other
Property Description
Great investment opportunity! $100,000 proven annual income with potential for $130,000. Large 60x100 townhome-buildable lot. This 4-unit property has earned up to $100,000 in income on Airbnb/VRBO the last 5 years (financial records available to prospective buyers), renting only 3 units. The 4th is now ready to rent, and you can easily make $120,000-$130,000. Or live in one unit and enjoy your own little slice of shore paradise, rent the other 3, and still make a profit. Recent renovation includes new flooring and paint throughout, 2 new kitchens and 3 new bathrooms. Charming, beachy furniture and decorations are included, and all the units are proven, year-round moneymakers. Guests love the large, fenced yard and you will too! First floor front, Unit A, has two bedrooms, one bathroom, central heat and A/C. First floor rear, Unit B, has one bedroom, one bathroom, central heat and A/C, new porch. Second floor, Unit C, has two bedrooms and one bathroom. The rear detached cottage has one bedroom, one bathroom, central heat and A/C. Newer roof and siding on the main house.
Location
State NJ
County Cape May County
Area North Wildwood
Interior
Hot Water Gas
Heating Gas Natural, Forced Air
Cooling Central Air, Ceiling Fan
Exterior
Exterior Feature Patio, Deck, Fenced Yard, Outside Shower
Building
Lot Description Inside Lot
Sewer City
Water City
New Construction No
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Micah Yerk
Broker-Salesperson/Managing Broker, Lower Township Office | License ID: 1110889
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