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$ 1,999,000
Est. payment | /mo
12 Beds
2,274 SqFt
$ 1,999,000
Est. payment | /mo
12 Beds
2,274 SqFt
Key Details
Property Type Multi-Family
Sub Type 11 - 20 Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,274 sqft
Price per Sqft $879
MLS Listing ID 612341
Bedrooms 12
Year Built 1958
Annual Tax Amount $6,673
Tax Year 2025
Lot Size 2,274 Sqft
Property Sub-Type 11 - 20 Units
Property Description
Rare OPPORTUNITY in Wildwood offering 12 TOTAL UNITS across TWO BUILDINGS, along with exciting investment and development possibilities! Ideally located near the BEACH and famous WILDWOOD BOARDWALK, this UNIQUE property offers a versatile configuration and has already been condo converted, providing additional possibilities for a future owner. The first building consists of 8 units arranged across two floors. Each floor features two 1-bedroom, 1-bath units and two 2-bedroom, 1-bath units. Every residence offers a full kitchen and full bathroom, while SPACIOUS front DECKS provide additional outdoor living space. The second floor mirrors the first, creating a functional and consistent layout throughout the building. The second building features 4 additional 2-bedroom, 1-bath units facing Young Avenue, with two units on the first floor and two on the second floor. These residences each have their own water heater. Throughout both buildings, the units are BRIGHT and AIRY, with BEAUTIFUL vinyl plank flooring and vintage kitchen appliances adding character. Each unit also has a meter located in the maintenance closet. The property provides 11 PARKING SPACES, an especially valuable feature this close to Wildwood's beach and attractions. Additionally, you will appreciate the former office space, FENCED yard, STORAGE building (which could also be used as a garage), OUTSIDE SHOWER, and BBQ area. Whether you're looking to expand an investment portfolio, explore the possibilities created by the existing condo conversion, or take advantage of the property's future development potential, this multi-building property presents an intriguing opportunity in a highly desirable shore location. Adding to the property's appeal, all units remained dry throughout the recent Nor'easter. Enjoy convenient access to the BEACH, BOARDWALK, dining, shopping, entertainment, and everything Wildwood has to offer. A unique opportunity with 12 UNITS, TWO BUILDINGS, PARKING, and tremendous potential in the heart of Wildwood! (Note that units 1, 2, 3 and 4 are technically 1 unit, as part of the condo conversion, they operate as individual units)
Location
State NJ
County Cape May
Community Wildwood
Area Wildwood City
Location Details Beach Block,Boardwalk Area
Interior
Heating No Heating
Exterior
Parking Features One Car, Detached Garage
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Listed by Keller Williams Realty Jersey Shore - Ocean City
Nearby Locations
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12320 Academy Rd, Philadelphia, Pennsylvania 19154, USA