224 E 20th Street

$1,650,000, 4,422 Sqft

About This Property

AMAZING investment opportunity! Wonderful multi- unit with $130K in income currently booked for summer 2022 and more projected. 2021 had $147K of gross revenue. This completely turnkey triplex comes fully furnished and is centrally located just three short blocks to the beach and boardwalk and SLEEPS UP TO 35 PEOPLE!. The main unit has three floors of comfortable, spacious living space with 7 bedrooms and 3 baths and a wonderful wrap-around porch spanning two levels of this massive home, lined with rockers and perfect for those breezy summer nights. The second unit consists of 4 bedrooms and 2 full baths along with a back “cottage” unit that has 2 beds and 1 bath. Each unit has central air, designated own outdoor shower, off-street parking that can hold up to 6 cars, outdoor storage for each unit and outdoor grounds for each unit along with two grills for a big summer BBQ. The current owners have made updates to each unit in the kitchen and baths and everything right down to the sheets and vacuums are included in the sale - truly a turnkey property. With a history of repeat renters this home is easily rented all summer - add in the shoulder months for reunions or large groups vacationing together or winter rentals and increase your income even more! Or keep one unit for yourself and let the rest of the rental income pay for your beach home. The possibilities are endless! This is one of the largest multi-unit rental properties in North Wildwood situated on a wonderful residential street. You won’t want to miss out on your chance to add this to your income portfolio. You’ll be amazed at the size of this home. Schedule your tour today and see it for yourself.

Essential Information

MLS® #221430
Price$1,650,000
Square Footage4,422
Square Footage4422
Year Built1925
TypeMulti-Family
Sub-TypeTriplex
StatusACTIVE

Community Information

Address224 E 20th Street
AreaNorth Wildwood
CityNorth Wildwood
StateNew Jersey

Amenities

ParkingParking Pad, Concrete Driveway

Interior

HeatingGas Natural
CoolingCeiling Fan, Central Air

Exterior

Exterior Features

Deck, Outside Shower, Patio, Porch, Fenced Yard, Sidewalks

Additional Information

Date ListedMay 12th, 2022
Days on Market139
ZoningR1

Listing Details

OfficeeXp REALTY

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