2704 Atlantic Avenue

$799,900

About This Property

Presenting .... "The Ultra"! This is a very unique offering for an investor who truly understands the value of a one of a kind and beautifully maintained opportunity! Generating $80,000+/ season, with a total of 14 bedrooms and 5.5 bathrooms, and 10+ car parking, this property spans four stories. The main attraction of this stunner is an 8 bedroom, 3.5 bath residence which comprises the 2nd, 3rd and 4th levels, accommodating a total of 30 people. Included is a large foyer, living room area, kitchen with two ranges, three refrigerators, two microwaves and a dishwasher to easily accommodate the cooking and eating needs of large groups, and a spacious dining area. The rooms throughout are a nice size, and there is a woodturning fireplace on the main living area with a gas insert. You will surely appreciate the many architectural and period details such a gorgeous fireplace, moldings, incredible extra wide wood front door, wood trim, and so much more. All baths are full tile for easy care. This unit has gas hot water and window A/C units for summer comfort. The carpets were new in 2019. There is also a laundry room available. The owner currently rents this unit for $5,000/week in the summer. The first floor has two 3 bedroom, 1 bath apartments that rent each summer season for $16,000 each including utilities, and they are already rented for the 2021 season - a buyer would need to honor those rentals. The exterior of this property is vinyl sided, all trim is Azek, and it is super clean - you will be very impressed with the condition of this property. There is a workshop on premises, built in security cameras including night vision, decks galore for maximum outdoor living enjoyment, and a huge garage with loft for all of your storage needs. There are 3 electric meters and 1 gas meter. Enjoy TEN CAR PARKING (YES, 10 CARS!) and a huge yard which begs for a pool - what an amazing addition that would be to round off this incredible property, and elevate the enjoyment and potential rental income to the stratosphere! The possibilities are truly endless - you could rent all three units for maximum income - the seller generates over $80,000/year currently - or just rent the first floor units for $32,000/income each year to help cover the expenses, and enjoy the main home for your vacation home - great for multiple buyers to go in on together! Vacant and ready to be shown, call today!

Essential Information

MLS® #203393
Price$799,900
Year Built1932
TypeMulti-Family
Sub-TypeTriplex
StatusACTIVE

Community Information

Address2704 Atlantic Avenue
AreaWildwood
CityWildwood
StateNew Jersey

Amenities

Parking

1 Car, 2 Car, 3 Car, Concrete Driveway

Interior

CoolingWall Air Conditioning
BasementCrawl Space

Exterior

Exterior Features

Patio, Deck, Porch, Storage Building, Cable TV, Sidewalks

Additional Information

Date ListedSeptember 9th, 2020
Days on Market76
ZoningR-3

Listing Details

OfficeLEES REAL ESTATE

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