Listed By:
EXP Realty, LLC; pa.broker@exprealty.com;(888) 397-7352
Address
224 E 20Th Street, North Wildwood, NJ
Price
$ 1,650,000
Property Attributes
  • MLS#NJCM2001020
  • TypeSingle Family
  • MunicipalityNORTH WILDWOOD CITY
  • CountyCAPE MAY
  • CityNorth Wildwood
  • AreaNorth Wildwood City
  • NeighborhoodNorth Wildwood
  • Zip08260
  • StyleUnit/Flat
  • Year Built1925
  • Taxes$ 8383
  • Price$ 1,650,000
  • Bedrooms13
  • Full Bathrooms6
  • Half Bathrooms0
  • Sqr Footage4422
  • Lot Size6,098 SqFt
Data Source:
Bright MLS
Property Description

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 won’t want to miss out on your chance to add this to your income portfolio. You’ll be amazed at the size of this home. Schedule your tour today and see it for yourself.

Price History
5/12/2022 Listed $1,799,000
6/3/2022 9% - $1,650,000

General Features

Accessibility None
Architectural Style Unit/Flat
Association Y/N No
Bathrooms Count Main Level 1.00
Bathrooms Full Main Level 1
Condo/Coop Association Y/N No
Construction Materials Vinyl Siding
Cool Fuel None
Cooling Ceiling Fan(s), Central A/C
County CAPE MAY
Days on Market 144
Garage Y/N No
Heating Forced Air
Levels 4
Lot Size Square Feet 5998.00
MLS Area North Wildwood City (20507)
New Construction No
Other Structures Above Grade, Below Grade
Percent Ownership Fee Simple
Pool Y/N No Pool
Possession Settlement
Price Per Sq Ft 373.13
Property Condition Excellent
Property Type Residential
School District WILDWOOD CITY SCHOOLS
School District 300200396652
Senior Community Y/N No
Sewer Public Sewer
Structure Type Unit/Flat/Apartment
Subdivision Name NORTH WILDWOOD
Tax Annual Amount 8383.0
Tax Lot 00009
Tax Year 2021
Vacation Rental Y/N No
Water Access Y/N No
Waterfront Y/N No
Zoning R1

Interior Features

Above Grade Finished Area 4422
Above Grade Finished Area Source Estimated
Above Grade Finished Area Unit Type Square Feet
Basement Y/N No
Bathrooms Count All Lower Levels 2
Bathrooms Count All Upper Levels 3
Bathrooms Count Lower Level 1 2.00
Bathrooms Count Upper Level 1 3.00
Bathrooms Full All Lower Levels 2
Bathrooms Full All Upper Levels 3
Bathrooms Full Lower Level 1 2
Bathrooms Full Upper Level 1 3
Bedrooms Count All Lower Levels 4
Bedrooms Count All Upper Levels 7
Bedrooms Count Lower Level 1 4
Bedrooms Count Upper Level 1 7
Below Grade Finished Area Source Assessor
Below Grade Finished Area Unit Type Square Feet
Below Grade Unfin Area Units Square Feet
Below Grade Unfin Sqft Source Assessor
Central Air Y/N Yes
Entry Level 1
Fireplace Y/N No
Full Baths 6
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Natural Gas
Main Level Bedrooms 2
Total Baths 6
Total Bedrooms 13

Exterior Features

Living Area 4422
Inclusions All Furniture
Lot Dimensions 60.00 x 100.00
Lot Size Acres 0.14
Lot Size Source Assessor
Navigable Water Y/N No
Total Parking Spaces 7
Type of Parking Driveway, On Street
Water Oriented Y/N No
Water Source Public
Water View Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 08260

Price
AVG $960K
$1.65M
Taxes
AVG $5,493
$8,383
Visits
AVG 240
758
Year Built
AVG 1958
1925
Walkscore
AVG 52
76
Data Provided by Walkscore ® not using MLS data

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