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Under contract
  • $1,370,000

    215 E 24th Ave, Wildwood, NJ 08260

    11beds
    --sqft
    : 
    Apartment
    Built in 1920
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    High ceilingsLarge tile showerPrivate washer and dryerNew carpetingWrap around porchDining areaTile flooring
    EXTRAORDINARY INVESTMENT OPPORTUNITY! Imagine the rental income you could generate OR sell individually as condos, this is a "ready to go" condo conversion with much of the background work completed! This charming coastal inspired six unit multifamily property is situated approximately 2.5 blocks from the beach and boardwalk in an amazing location. Enjoy amusements and water parks, fantastic restaurants, recreational parks and so much more, all within close proximity. All units in this building have full heat and air conditioning, offering options for renting for short term summer rentals, longer seasonal / shoulder season rentals or year-round. You could even reserve a unit for personal use and still produce a strong income. The wrap around porch on the second level is the perfect spot to line up the rocking chairs and enjoy the sounds and sights of island life. Both units 3 and 4 are accessed from this porch. Unit 3 (on the 2nd level) is a beautiful 2 bedroom, 1 bath with stunning hardwood flooring throughout, a large living room, dining area, kitchen with plenty of cabinets and tile flooring with walk in pantry, and a bath with large tile shower and unique dresser style dual sink vanity and washer/dryer hookups, and a deck off the kitchen. Unit 4 (up the stairs on the 3rd level) is a 2 bedroom, 1 bath with original stainless window features, original doors with glass knobs - it's very charming. This unit has new carpeting throughout, a private washer and dryer, kitchen and living room. The front deck dedicated to this unit has massive and expands the living space. The top floor is unit 5, and that is the largest of the units with 3 bedrooms and 1 bath, with a beautiful open layout and high ceilings throughout. Units 4 and 5 are connected with an interior stairwell, and could easily be used as one large main home! Units 1 and 2 are on the lowest level. Unit 1 is a two bedroom, two bath with living room and kitchen, and its own small deck. Unit 2 is a one bedroom, one bath with a sitting room with patio, kitchen, bath with tub, and a private washer and dryer. Unit 6 is the free standing cottage, which is a 1 bedroom, 1 bath with kitchen and sitting area, perfect for an on site owner or manager to use as their residence. The owner has made many improvements to this property - it has attractive vinyl siding for minimal maintenance, all systems and utilities are separated to each unit, all kitchens and baths have been updated - the property is ready to go for 2025. Situated on a large 64 X 100 lot, there is plenty of parking and outdoor space for all units. Income potential exceeds $125,000 easily and could push higher with a short-term rental approach, and the condominium conversion route appears to yield a nice profit when we run the numbers. Currently all units are vacant so you have all options available as the new owner. Don't miss your chance to invest in a one of a kind property in North Wildwood! NOTE: AI GENERATED VIRTUALLY STAGED PHOTOS HAVE BEEN INCLUDED SHOWING CERTAIN ROOMS FURNISHED.
    279 days
    on Zillow
    |
    405
    |
    18
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 17, 2025 at 06:51am

    Listed by:

    Jessica L. Lees 609-408-4656,

    LEES REAL ESTATE

    Source: CMCAOR,MLS#: 243205MLS Logo
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    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 11
    • Bathrooms: 7
    • Full bathrooms: 7
    Rooms
    • Room types: Living Room, Dining Room, Kitchen, Den/TV Room, Dining Area, Other
    Heating
    • Natural Gas, Forced Air, Separate Meters
    Cooling
    • Central Air, Ceiling Fan(s), Separate Meters
    Appliances
    • Included: Gas Water Heater
    • Laundry: Laundry Room
    Features
    • Pantry
    • Has basement: No

    Property

    Parking
    • Parking features: Concrete
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Patio, Deck, Porch
    • Exterior features: Outdoor Grill
    Lot
    • Size: 6,400 Square Feet
    • Dimensions: 64 x 100
    • Features: Cleared, Island
    Details
    • Zoning: R-1

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Apartment
    Materials
    • Foundation: Slab
    Condition
    • New construction: No
    • Year built: 1920

    Utilities & green energy

    • Electric: Separate Meter(s)
    • Gas: Separate Meter(s)
    • Sewer: City
    • Water: City, Separate Meter(s)
    • Utilities for property: Electricity Connected, Natural Gas Connected

    Community & HOA

    Location
    • Region: Wildwood

    Financial & listing details

    • Annual tax amount: $8,720
    • Date on market: 10/28/2024
    • Inclusions: Curtains, Blinds
    • Total actual rent: 0
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