Price
$ 789,900

405 E 7th Avenue, North Wildwood, NJ 08260  

405 E 7th Avenue, North Wildwood, NJ 08260  

This large and beautifully Rehabbed Multiplex consists of two separate buildings that have been redone inside and out 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

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Listing Type
Multi-Family
Listing ID
175270
Lot Size
40 x 100
Listing Status
Active
County
Cape May
Units
4
Taxes
7826.0
Listing courtesy of Carol McCormick~DON MARTIN REALTY, INC
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    Listing Information Provided By:
    RE/MAX BEACH HOME REALTY
    4200 Landis Ave Sea Isle City, NJ 08243 | Phone: (609) 263-3600
    EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.