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224 E 20th Street, North Wildwood - ACTIVE

$1,600,000

MLS: 221430  |  Bedrooms: 13  |  Baths: 6  |  Type: Triplex
Lot:60 x 100  |  Taxes: $8,383  |  Area: North Wildwood

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.

AMENITIES

  • Deck   
  • Fenced Yard   
  • Outside Shower   
  • Patio   
  • Porch   
  • Sidewalks   
  • Breakfast Nook   
  • Den/TV Room   
  • Dining Room   
  • Eat In Kitchen   
  • Kitchen   
  • Laundry/Utility Room   
  • Living Room   
  • Storage Space   
  • Heating:Gas Natural   
  • Heater:Gas  
  • Cooling:Ceiling Fan  
  • Cooling:Central Air  
  • Public  

PROPERTY LOCATION / MAP

Last Database Update: 11/30/2022 05:45:20
Let Ferguson Dechert be your buyer agent for this listing. Listing is provided by eXp REALTY. The data relating to real estate for sale on this web page appears in part through the Cape May County MLS program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which we participate, and is provided by Cape May County MLS through a licensing agreement. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to change, withdrawal, or prior sale.
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224 E 20th Street, North Wildwood
For Sale: $1,600,000
MLS: 221430

Bed:13 | Bath:6 LOT:60 x 100 | DOM:201
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Ferguson Dechert Real Estate - Summer Vacation Rentals and Properties For Sale in Avalon and Stone Harbor
2789 Dune Drive
Avalon, NJ
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609-967-4200
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