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$1,650,000
224 E 20th Street, North Wildwood, NJ 08260
0 Beds
0 Baths
4,422 SqFt

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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 wont want to miss out on your chance to add this to your income portfolio. Youll be amazed at the size of this home. Schedule your tour today and see it for yourself.
  • Price:
  • $1,650,000
  • Square Footage:
  • 4,422
  • Year Built:
  • 1925
  • Listing ID #:
  • 221430
  • Street Address:
  • 224 E 20th Street
  • City:
  • North Wildwood
  • State:
  • New Jersey
  • Postal Code:
  • 08260
  • County:
  • Cape May
  • Community:
  • North Wildwood
  • Listing Status:
  • Active
  • Listing Type:
  • Triplex
  • Exterior Features:
  • Patio, Deck, Porch, Fenced Yard, Sidewalks, Outside Shower
  • Number Of Units:
  • 3
  • Total Building Square Footage:
  • 4422
  • Unit1 Bathrooms:
  • 2
  • Unit1 Bedrooms:
  • 4
  • Unit1 Total Rooms:
  • 8
  • Unit2 Bathrooms:
  • 3
  • Unit2 Bedrooms:
  • 7
  • Unit2 Total Rooms:
  • 12
  • Unit3 Bathrooms:
  • 1
  • Unit3 Bedrooms:
  • 2
  • Unit3 Total Rooms:
  • 5
  • Year Built:
  • 1925
  • Conforms To Zoning:
  • R1
  • Lot Description:
  • Island
  • Lot Number:
  • 9
  • Lot Size:
  • 1 To 6000 Sqft
  • Suitable Use:
  • Bed And Breakfast, Condo Conversion, Multi Family+rooms, Rooming House
  • Days On Market:
  • 143
  • For Sale Or Lease?:
  • For Sale
  • Included In Sale:
  • Furniture
  • Property Taxes:
  • $8,383
  • Tax Year:
  • 2021
  • Other Rooms:
  • Living Room, Dining Room, Kitchen, Den/Tv Room, Eat In Kitchen, Breakfast Nook, Laundry/Utility Room, Storage Space
  • Parking Description:
  • Parking Pad, Concrete Driveway
  • Cooling System:
  • Ceiling Fan, Central Air
  • Existing Water:
  • Public
  • Heating:
  • Gas Natural
  • Sewage Type:
  • Public
  • Water Heater:
  • Gas
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Exp Realty
  • CAPEMAY

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