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Key Details
Sold Price $505,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,777 sqft
Price per Sqft $284
MLS Listing ID NJCM2004120
Style Cape Cod
Year Built 1905
Available Date 2024-10-03
Annual Tax Amount $5,131
Tax Year 2022
Lot Size 3,000 Sqft
Property Sub-Type Detached
Property Description
Just a couple of blocks from the beach and boardwalk, this property features three units. The first unit has 3 bedrooms and 1 bathroom, currently rented month-to-month for $1,650. The second unit offers 2 bedrooms and 1 bathroom, also on a month-to-month lease for $975. The third unit, with 2 bedrooms and 1 bathroom, is rented for $1,250, with the lease ending on December 31. The property includes a nice-sized shared backyard, as well as a shared washer and dryer. Current rents are below market value, and the tenants wish to remain. There are two electric meters: Apartments 1 and 2 share a meter and split the electric bill, while Apartment 3 has its own separate meter. It is being sold AS IS in its current condition.
Location
Province NJ
County Cape May
Area Wildwood City (20514)
Zoning R-1
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Window Unit(s)
Exterior
Water Access N
Building
Foundation Block
Sewer Public Septic
Water Public
New Construction N
Schools
School District Wildwood City Schools
Others
Special Listing Condition Standard
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Kory Prince
Owner/Director of Operations | -V61339
Owner/Director of Operations -V61339