• DESCRIPTION

    Investment opportunity! Wonderful multi- unit with $130K in income currently booked for summer 2022 and more projected. 2021 had $147K 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 st

    KEY DETAILS
    • Price:
    • $1,650,000
    • Bedrooms:
    • 0
    • Full Baths:
    • 0
    • Square Footage:
    • n/a
    • Acreage:
    • n/a
    • Year Built:
    • 1925
    • MLS #:
    • 562863
    • Street Address:
    • 224 E 20th Street
    • City:
    • North Wildwood
    • State:
    • NJ
    • Postal Code:
    • 08260
    • County:
    • Cape May
    • Area:
    • North Wildwood
    • Listing Status:
    • For Sale - Active

    Building

    • Exterior Features:
    • Deck, Fenced Yard, Outside Shower, Patio, Porch, Sidewalks
    • Number Of Units:
    • 3
    • Year Built:
    • 1925

    Listing

    • For Sale Or Lease?:
    • For Sale

    Money

    • Property Taxes:
    • $8,383
    • Tax Year:
    • 2021

    Rooms

    • Other Rooms:
    • Breakfast Nook, Den/Tv Room, Dining Room, Eat In Kitchen, Kitchen, Laundry/Utility Rm, Living Room

    Structures

    • Driveway:
    • Concrete
    • Parking Description:
    • Parking Pad

    Systems

    • Cooling System:
    • Ceiling Fan(s), Central
    • Existing Water:
    • Public
    • Heating:
    • Gas-Natural
    • Sewage Type:
    • Public Sewer

    Source

    • Listing Provided By Exp Realty - Montclair

      SJSRMLS
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