$995,000
$1,089,900
8.7%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 12/20/2024
Key Details
Sold Price $995,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 222226
Sold Date 12/20/24
Year Built 1920
Annual Tax Amount $11,138
Tax Year 2021
Lot Dimensions 40x100
Property Description
Looking for an ROI 10% or better? Turn-key rooming house with both seasonal and yearly tenants. Building is fully occupied with a waiting list. This unique property offers a main building with 19 updated bedrooms, new baths, new granite kitchens, updated dining rooms and living rooms. There is a bonus, separate, recently updated 2 bedroom 1 bath cottage with it's own electric meter and brand new heating system. Renovated, separate owner or property manager's quarters with it's own kitchen and private bath on the main floor of building. New roof in 2013. New windows. Updated electric. New on demand hot water for main building. Building has brand new, separate heating systems for both main building and cottage. Every bedroom has new carpet, microwaves, TV's, refrigerators. Entire interior freshly painted. Exterior refreshed. Property comes furnished, occupied and ready to go!
Location
State NJ
County Cape May County
Area Wildwood
Interior
Hot Water Gas
Heating Gas Natural
Cooling Wall Air Conditioning
Building
Sewer Public
Water Public
New Construction No
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