HUGE PRICE REDUCTION!! This large and beautifully Rehabbed Multiplex consists of two separate buildings that have been beautifully redone with a prime location just 1.5 blocks from the free beaches of North Wildwood, walking distance to the pub district and many restaurants and entertainment. Boasting a total square footage for all combined units of 3,200 s.f. of living space exclusive of decks and storage/utility areas. Starting with the Beautiful front house that can accommodate two families with ease the space includes two complete living and sleeping spaces, with great rooms, wet bar, kitchen with stainless appliances, beautiful countertops and backsplash, porch on the first level and a large 2nd floor deck - the front house is open and airy. New Pergo flooring throughout, completely remodeled baths, lots of new windows, new heat pump/ac unit. The front house rents for $25K to $30K for the season and is coming completely furnished including a new washer and dryer. Moving to the back building, there are two completely redone identical efficiency units on the first floor - both with full kitchens with stainless appliances, granite countertops, remodeled bath new flooring and crown molding - equipped with flat screen TV that can be viewed from anywhere in the units and coming completely furnished. The efficiency units rent for $7,000 per season per unit. 2nd floor is the larger unit in the back building and has 2 bedrooms, new pergo flooring, complete stainless steel appliances in kitchen, granite countertop, a new HVAC system (heat pump with c/a) and newly remodeled bath and is also coming completely furnished. This large 2nd floor unit rents for $13,000 per season. There is a nice yard to share and 2 outdoor showers. All units have outdoor decks for the tenants enjoyment. The off-street parking is for the front house only, however there is a loading and unloading spot for all tenants to use. Estimate of $55 to $60K rental income for the season. Too many other upgrades to mention. Must see to appreciate.
Off market
Zestimate®
$1,197,700
405 E 7th Ave, North Wildwood, NJ 08260
--beds
0baths
3,344sqft
MultiFamily
Built in 1960
-- sqft lot
$1,197,700 Zestimate®
$358/sqft
$2,013 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Heat pump
Cooling
- Central, Wall
Appliances
- Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator
Features
- Basement: Crawl Space
Interior area
- Total interior livable area: 3,344 sqft
Property
Parking
- Total spaces: 3
Features
- Exterior features: Cement / Concrete
Lot
- Size: 3,998 sqft
Details
- Parcel number: 0700307000000021
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Other
Condition
- Year built: 1960
Utilities & green energy
- Sewer: City
Community & neighborhood
Location
- Region: North Wildwood
Other
Other facts
- Sale/Rent: For Sale
- Status: ACTIVE
- Status Category: Active
- ALSO INCLUDED: Blinds, Curtains, Furniture
- FINANCING: Conventional
- HOT WATER: Electric
- OTHER ROOMS: Living Room, Kitchen, Recreation/Family
- WATER: City
- Lot Size Range: 1 to 6000 SqFt
- BASEMENT: Crawl Space
- OUTSIDE FEATURES: Outside Shower, Storage Building, Grill
- PARKING: Concrete Driveway
- SEWER: City
- SUITABLE FOR: Condo Conversion
- Type: Four-Plex
- HEATING: Electric
- District - Township: 07-N. Wildwood City
- BAY PROXIMITY: 4 Blocks
- BEACH PROXIMITY: 1 Block
Sell for more on Zillow
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$1,197,700
2% more+$23,954
With Zillow Showcase(estimated)$1,221,654