$780,000
$799,900
2.5%For more information regarding the value of a property, please contact us for a free consultation.
106 E 19 Avenue North Wildwood, NJ 08260
6 Beds
2 Baths
Key Details
Sold Price $780,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 250651
Bedrooms 6
Year Built 1940
Annual Tax Amount $4,245
Tax Year 2024
Property Sub-Type Duplex
Property Description
Nestled in the heart of North Wildwood, this income-producing top and bottom duplex is a fantastic investment opportunity just a short walk from the beach. Each unit offers 3 bedrooms and 1 bathroom, featuring newly updated kitchens, LVP flooring, and beautifully remodeled bathrooms with tiled floors and showers. Recent upgrades include new natural gas hot water baseboard heating throughout, new electric, and separate electric meters for added convenience. Enjoy the coastal breeze from the covered front porch or relax in the fenced backyard. The property also includes a garage for additional storage. With a strong rental history, this duplex generated $79,914 from VRBO bookings and $10,000 from a winter rental (January-May) in 2024, totaling $89,914 in rental income—with even greater potential, as the property was left vacant during June for renovations. Don't miss this prime opportunity to own a high-income rental in a sought-after beachside location! Most of the drive way belongs to the property so there is ample room for parking. See survey in associated docs
Location
State NJ
County Cape May County
Area North Wildwood
Rooms
Other Rooms Living Room, Dining Room, Kitchen, Eat In Kitchen, Dining Area, Laundry/Utility Room, Storage Space
Interior
Hot Water Gas
Heating Gas Natural, Baseboard, Hot Water, Multi-Zoned
Cooling Ceiling Fan, Wall Air Conditioning
Exterior
Exterior Feature Patio, Deck, Porch, Fenced Yard, Storage Building, Sidewalks, Outside Shower
Building
Lot Description Island
Sewer City
Water City
New Construction No
Others
Acceptable Financing Conventional
Listing Terms Conventional
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Micah Yerk
Broker-Salesperson/Managing Broker, Lower Township Office | License ID: 1110889
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