$650,000
$699,900
7.1%For more information regarding the value of a property, please contact us for a free consultation.
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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