102 W Monterey Avenue

$649,900, 7,200 Sqft

About This Property

Endless Opportunity awaits you in this over 3000 Square Foot 7 bedroom Duplex with Spectacular Bay Views. Situated on a Huge 80 X 90 Double Sized Lot just a few short steps to Wildwood Crest's Gorgeous Sunset Lake. Options include continuing the current use and taking advantage of strong rental income of over $50,000 per year; enjoying the property as a Summer Retreat for Family & Friends; using one of the units while generating rental income from the other; a possible condo conversion into 2 seperate homes; you could even Build 2 Brand New Single Homes on this Double Lot. Sunset Lake has become one of Wildwood Crest's most valuable attractions featuring loads of activities including Boating, Swimming, Jet Skiing, Yoga, Biking, Fishing, Crabbing, Sight Seeing and some of the Greatest Sunsets you'll ever witness! The Duplex is in good condition with various updates seen in the photos. The Large 5 bedroom, 3 Bath West Unit is rented weekly during the summer seasons and the 2 bedroom, 1 bath East Unit is rented year round ( now on a month to month basis ) to a lovely couple. Each unit offers a Private fenced-in Back Yard to enjoy the Awesome Bay Breezes and private storage in the detached garage building. Hurry to schedule your private showing of this Rare Opportunity before She gets away. Call Today!

Essential Information

MLS® #189513
Price$649,900
Square Footage7,200
Square Footage7200
TypeMulti-Family
Sub-TypeDuplex
StatusUNDER CONTRACT

Community Information

Address102 W Monterey Avenue
AreaWildwood Crest
CityWildwood Crest
StateNew Jersey

Amenities

ViewWater View

Parking

Garage, Parking Pad, Detached, Concrete Driveway

Interior

BasementCrawl Space, Outside Entrance

Heating

Electric, Baseboard, Multi-Zoned

Cooling

Central Air, Electric, Ceiling Fan, Wall Air Conditioning

Exterior

Exterior Features

Patio, Deck, Fenced Yard, Storage Building, Cable TV, Sidewalks, Outside Shower, Other (See Remarks), Waterview

Additional Information

Date ListedSeptember 7th, 2019
Days on Market37
ZoningR1-A

Listing Details

OfficeRE/MAX At The Shore

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Cape May, NJ
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