224 E 20th Avenue

$889,999, 3,300 Sqft

About This Property

This is one of the largest homes in North Wildwood!! This triplex sleeps 32 between all 3 units. Whether you’re looking for a very large home or a property with an income producing business, stop your search, this is it. This home currently is used as a triplex and has a total of 13 bedrooms and 7 baths between the main house and the cottage. The wrap around porch on both levels of the front house are both spacious and inviting with rocking chairs to relax and enjoy the cool ocean breezes. Currently the owners rent all 3 units to one group at a time for weekly rent of between $8,000-$8,250. It already has repeat renters for most of the 2019 summer. There are only 3 weeks not yet rented. This home produces $115,000 per year in income. The owner takes on winter tenants which only increases your income. Everything was totally new in 2005. New roof, windows, HVAC and central air, 3 water heaters, kitchens and baths. There are 3 separate electric meters and 1 gas meter. The driveway holds parking for at least 6 cars. The owners have lovingly maintained this home after each checkout and throughout the course of the year to know that everything is in perfect working order. When you tour this home, it will remain fully furnished as you see it to to remain a turnkey property. Showings only on Saturday between 10AM and 2PM during the summer months. Lockbox on premises.

Essential Information

MLS® #184264
Price$889,999
Square Footage3,300
Square Footage3300
Year Built1925
TypeMulti-Family
Sub-TypeTriplex
StatusUNDER CONTRACT

Community Information

Address224 E 20th Avenue
AreaNorth Wildwood
CityNorth Wildwood
StateNew Jersey

Amenities

ParkingParking Pad, Concrete Driveway

Interior

HeatingGas Natural
CoolingCentral Air, Ceiling Fan

Exterior

Exterior Features

Patio, Deck, Porch, Fenced Yard, Cable TV, Sidewalks, Outside Shower

Additional Information

Date ListedOctober 1st, 2018
Days on Market321

Listing Details

OfficeRE/MAX at The Shore

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Cape May, NJ
08204

Office: 609.884.3332

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