238 E Leaming Avenue #Front & Rear Buildings, Wildwood, NJ 08260
238 E Leaming Avenue #Front & Rear Buildings, Wildwood, NJ 08260
238 E Leaming Avenue #Front & Rear Buildings, Wildwood, NJ 08260
238 E Leaming Avenue #Front & Rear Buildings, Wildwood, NJ 08260
238 E Leaming Avenue #Front & Rear Buildings, Wildwood, NJ 08260
238 E Leaming Avenue #Front & Rear Buildings, Wildwood, NJ 08260
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Edward Rogers

Edward Rogers

+1(267) 231-7212
$ 1,097,777
Est. payment | /mo

12 Beds

6 Baths

Save
$ 1,097,777
Est. payment | /mo
Save

12 Beds

6 Baths

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Under Contract

Purchase Type For Sale

MLS Listing ID 260215

Bedrooms 12

Year Built 1920

Annual Tax Amount $9,797

Tax Year 2025

Lot Dimensions 40x100

Property Sub-Type Other

Property Description

Amazing Location just a couple blocks to the World Famous Wildwood Beaches, Boardwalk just a few Blocks to Wildwood Crest. There are 2 Buildings that Make up this 6 Unit Complex. The Front Building is 4 Units with 2 on the Upper floor that enjoy Ocean Views and 2 on the First Floor. The apartments are bright and airy. Each feature 2 bedrooms tastefully decorated and are being sold fully furnished as seen. This home has its own private patio area and may also take advantage of the common picnic area between the 2 houses. There is Luxury vinyl plank flooring for convenient cleanup and to protect against sand and water brought back from the beach and an outdoor shower. Also conveniently located near the convention center, you may take advantage of all of the events in the shoulder seasons as well that are put on at that venue. The Owners have all of the Condo Docs, Surveys and exemptions needed should you decide to convert these to condominiums. The owners were going to sell individually and have been working on the units. 2024 the property grossed $104,000 with very little effort or Marketing. The $25,000/unit should be easily attained and should the properties be pushed a bit more and rented over the fall and winter, you could expect another 10k/unit. Properly run, this property should see north of $200k/year.

Location

State NJ

County Cape May County

Area Wildwood

Location Details Island

Rooms

Other Rooms Living Room, Kitchen, Dining Area, Laundry/Utility Room

Interior

Hot Water Gas

Heating Electric, Baseboard

Cooling Wall Air Conditioning

Exterior

Exterior Feature Patio, Deck, Enclosed/Cov. Patio, Porch, Storage Building, Cable TV, Sidewalks, Outside Shower

Building

Lot Description Island

Sewer City

Water City

New Construction No

Listed by LONG & FOSTER REAL ESTATE, INC nwnj

Nearby Locations

Edward Rogers

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(267) 231-7212

edrogers@honestrealestate.com

12320 Academy Rd, Philadelphia, Pennsylvania, 19154, USA

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238 E Leaming Avenue #Front & Rear Buildings