221 W 16th Avenue

$449,900

About This Property

This is a great investment property, a rental machine...your own cash cow! It had over 31K booked for 2019 Season ( one of the units has not been rented at all and has been saved for personal use) so, the total rental potential is over 50k if you choose to rent all three for the summer season. This Triplex is 3 separate houses all on one lot. Have a large multi generational family? This is a perfect vacation compound to spend time with the family but still be able to retreat back to your private house. Get the best of both worlds by being close to everyone, but not too close. The front and largest unit is approx. 1010 sqft with 3 bedrooms and 1 bath. This absolutely adorable house has a beautiful upgraded kitchen with granite countertops, tile backsplash & stainless steel appliances. Kitchen and bath have tiled floor and the rest of the house is upgraded with hardwood floors. This house is complete with a long front porch. The two back cozy houses are 2 bedroom, 1 bath each. One is 650 sqft and the other 552 sqft. Each of the back two houses comes with a driveway that fits 3 cars each. There is an awesome court yard in common area for all to enjoy outdoor living at its best. Sit out on the back patio and grill some burgers and dogs after a long day relaxing on the beach. This is summer shore living at it's best. Imagine the possibilities ...live in one, and rent the other 2 houses. Have the income from rent to pay for your summer shore house in Wildwood. Turnkey business with lots of 2019 rentals in place. Being sold furnished ( less fish décor on kitchen soffits)

Essential Information

MLS® #187249
Price$449,900
TypeMulti-Family
Sub-TypeTriplex
StatusACTIVE

Community Information

Address221 W 16th Avenue
AreaNorth Wildwood
CityNorth Wildwood
StateNew Jersey

Additional Information

Date ListedApril 16th, 2019
Days on Market156

Listing Details

OfficeREALTY MARK ADVANTAGE

Get directions to this property:

Cape May County Association of Realtors Logo©2019 Cape May County Multiple Listing Service. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity program of the Cape May County MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Sotheby's International Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate.

Have a Question?

Contact Us

Follow Us

Chris Clemans Sotheby’s International Realty

1159 Washington Street PO Box 552
Cape May, NJ
08204

Office: 609.884.3332

Chris Clemans | Sotheby's Realty International
© Copyright 2019, Real Estate Webmasters All Rights Reserved.
Sitemap VISIT OUR AUCTION HOUSE SEARCH GLOBALLY Sotheby’s International Realty is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each office is independently owned and operated. REALTOR® -- A registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics. Inquiries regarding the Code of Ethics should be directed to the board in which a REALTOR® holds membership.  •  Listings Site Map  •  Privacy Policy