817 Stockton Avenue

$989,000, 2,718 Sqft

About This Property

Welcome to 817 Stockton Avenue. This property consists 3 apartments located a short block to the beach. Keep as separate apartments or turn into a single family; whichever suits your needs. With ocean views from the 2nd and 3rd floor 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 two have a private rear deck. This property is well maintained by the current owners who do upgrades every year throughout the buildings. The exterior was painted in 2018, furnace and tankless hot water heater installed in 2019, porch roof replaced in 2019, main water lines replaced in 2017, fire system upgrade in 2017 and so much more! 817 – First Floor is a (2 Bedroom, 2 Bathroom) apartment with a large rear deck. 817 – Second Floor a (3 Bedroom, 2 Bathroom) unit with a new kitchen with granite counters. 817 – Third Floor is the entire third floor and offers (3 Bedrooms, 2 Bathrooms) and a rear deck. This property has a shared interior with access to the units or the first and third floors can access by the exterior back stairs. 2020 Rental Income is $82,825. The homeowner has not adjusted pricing in a few years so we’re looking at an even better 2021 with multiple weeks in each unit already rented with a rent increase. 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® #204470
Price$989,000
Square Footage2,718
Square Footage2718
Year Built1890
TypeMulti-Family
Sub-TypeTriplex
StatusACTIVE

Community Information

Address817 Stockton Avenue
AreaCape May
CityCape May
StateNew Jersey

Amenities

ViewWater View

Interior

CoolingOther
BasementCrawl Space

Heating

Gas Natural, Baseboard, Multi-Zoned

Exterior

Exterior Features

Deck, Porch, Sidewalks, Outside Shower

Additional Information

Date ListedNovember 16th, 2020
Days on Market12
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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