817 Stockton Avenue

$1,977,000, 5,702 Sqft

About This Property

Welcome to the Sea Shore S. Cape in Cape May. This property consists of two separately deeded properties for a total of 7 apartments located a short block to the beach. With ocean views from many of the front rooms, this is your escape from the hustle and bustle of life for a more relaxed one by the beach. Enjoy the ocean breezes from the large wrap around front porches or tuck yourself away on one of the rear decks for some peace and quiet. All of the units have kitchens and all, but one has a private rear deck. This property is well maintained by the current owners who do upgrades every year throughout the buildings. 817 Unit 1 consists of a (2 Bedroom, 2 Bathroom) unit with large rear deck. 817 Unit 2 (3 Bedrooms, 2 Bathrooms). 817 Unit 3 (3 Bedrooms, 2 Bathrooms) with a rear deck. You can access the apartments by the shared interior stairwell or Unit 1 and 3 can have access through their back decks. 819 Unit 1A is an adorable (1 Bedroom, 1 Bathroom) apartment located on the first floor at the front of the property that uses the side part of the porch for outside enjoyment. 819 1B is a (2 Bedroom, 1 Bathroom) unit at the back of the first floor and offers a rear deck. 819 Unit 2 is the entire second floor and offers (2 Bedrooms, 2 Bathrooms) and a rear deck. 819 Unit 3 is the entire third floor and offers (2 Bedrooms, 1.5 Bathrooms) and a rear deck. Similar to the other side, this property also has a shared interior with access to the units or each unit can access by the exterior back stairs. 2020 Rental Income is $161,285 for both units. The homeowner has not adjusted pricing in a few years so we’re looking at an even better 2021! This is a fabulous opportunity for someone looking for their own piece of Cape May with a nice dose of rental income. Showings are by appointment only as this property rents weekly and nightly as vacation rentals. Additional information available such as; property disclosures, income/expenses and elevation certificates.

Essential Information

MLS® #202874
Price$1,977,000
Square Footage5,702
Square Footage5702
Year Built1890
TypeMulti-Family
Sub-TypeOther
StatusACTIVE

Community Information

Address817 Stockton Avenue
AreaCape May
CityCape May
StateNew Jersey

Amenities

ViewWater View

Interior

CoolingOther
BasementCrawl Space

Heating

Hot Water, Electric, Baseboard, Multi-Zoned

Exterior

Exterior Features

Deck, Porch, Sidewalks, Outside Shower

Additional Information

Date ListedAugust 11th, 2020
Days on Market109
Zoning4C

Listing Details

OfficeCOASTLINE REALTY, LLC

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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
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