North Wildwood, NJ 08260,405 E 7th Avenue

$650,000

$699,900

7.1%
Est.Price: ?

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Est. payment /mo

6 Beds

5 Baths


SOLD DATE : 12/15/2017

Key Details

Sold Price $650,000

Property Type Multi-Family

Sub Type Four-Plex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 175270

Sold Date 12/15/17

Bedrooms 6

Annual Tax Amount $7,826

Lot Dimensions 40 x 100

Property Sub-Type Four-Plex

Property Description

HUGE PRICE REDUCTION!! This large and beautifully Rehabbed Multiplex consists of two separate buildings that have been beautifully redone with a prime location just 1.5 blocks from the free beaches of North Wildwood, walking distance to the pub district and many restaurants and entertainment. Boasting a total square footage for all combined units of 3,200 s.f. of living space exclusive of decks and storage/utility areas. Starting with the Beautiful front house that can accommodate two families with ease the space includes two complete living and sleeping spaces, with great rooms, wet bar, kitchen with stainless appliances, beautiful countertops and backsplash, porch on the first level and a large 2nd floor deck - the front house is open and airy. New Pergo flooring throughout, completely remodeled baths, lots of new windows, new heat pump/ac unit. The front house rents for $25K to $30K for the season and is coming completely furnished including a new washer and dryer. Moving to the back building, there are two completely redone identical efficiency units on the first floor - both with full kitchens with stainless appliances, granite countertops, remodeled bath new flooring and crown molding - equipped with flat screen TV that can be viewed from anywhere in the units and coming completely furnished. The efficiency units rent for $7,000 per season per unit. 2nd floor is the larger unit in the back building and has 2 bedrooms, new pergo flooring, complete stainless steel appliances in kitchen, granite countertop, a new HVAC system (heat pump with c/a) and newly remodeled bath and is also coming completely furnished. This large 2nd floor unit rents for $13,000 per season. There is a nice yard to share and 2 outdoor showers. All units have outdoor decks for the tenants enjoyment. The off-street parking is for the front house only, however there is a loading and unloading spot for all tenants to use. Estimate of $55 to $60K rental income for the season. Too many other upgrades to mention. Must see to appreciate.

Location

State NJ

Area North Wildwood

Rooms

Other Rooms Living Room, Dining Room, Kitchen, Recreation/Family, Storage Space

Interior

Hot Water Electric

Heating Electric, Heat Pump

Cooling Central Air, Ceiling Fan, Wall Air Conditioning

Exterior

Exterior Feature Deck, Grill, Storage Building, Cable TV, Outside Shower

Building

Sewer City

Water City

New Construction No

Others

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

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Listed by DON MARTIN REALTY, INC
Bought with Coldwell Banker James C Otton Real Estate - AV
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(609) 778-8070

matt@avalonsales.com

2789 Dune Drive, Avalon, NJ, 08202

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