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302 Atlantic Avenue, North Wildwood - ACTIVE


MLS: 231248  |  Bedrooms: 6  |  Baths: 5  |  Type: Other
Lot:50x100  |  Taxes: $9,591  |  Area: North Wildwood

Amazing Location and Incredible opportunity to own 5 condos Just a short walk to the Seawall, Hereford Inlet and it rapidly expanding beaches as well as all of the dining and nightlife you have come to cherish in North Wildwood. Being Sold as 1 Parcel. What a Unique Opportunity and Tremendous Value. There are (4) 1 Bedroom Condos for sale in the Main House (2 on the 3rd Floor and 2 on the 4th floor). There is also a Very Large detached 2 Bedroom Cottage in the Rear as well. Total condo fee per month for the 5 units is $630. Includes gas, water sewer, cable, internet, liability insurance, flood for main building only and lawn care. The Total Tax bill for 5 units is 9590.73. All have separate electric and mini split systems for Year-Round Comfort. All currently tenant occupied with long standing tenants on month-to-month leases. Unit 7 will be rented to a traveling nurse for the summer at $2000 month. Rear cottage $1400 month. Units 6,8 are $860 month each and 5 is $875 month. Most likely looking for a cash buyer or a Buyer utilizing a local bank or Hard Money Lender. If I were Pricing these Units Individually, I would have the 1 Bedroom Year-Round Condos at $150,000x 4 = $600,000. The 2 Bedroom Cottage would be $350,000 minimally. That Totals $950,000. This is being sold for just under $800,000. 4 Units on Top 2 Floors (5,6,7,8) & Cottage (1)


  • Patio   
  • Deck   
  • Enclosed/Cov. Patio   
  • Porch   
  • Cable TV   
  • Sidewalks   
  • Outside Shower   
  • Living Room   
  • Kitchen   
  • Dining Area   
  • Heating:Forced Air   
  • Heater:Electric  
  • Other Financing  
  • Cooling:Multi Zoned  
  • City  


Last Database Update: 06/01/2023 10:30:21
Let Ferguson Dechert be your buyer agent for this listing. Listing is provided by LONG & FOSTER REAL ESTATE, INC nwnj. 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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302 Atlantic Avenue, North Wildwood
For Sale: $799,777
MLS: 231248

Bed:6 | Bath:5 LOT:50x100 | DOM:20
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Ferguson Dechert Real Estate - Summer Vacation Rentals and Properties For Sale in Avalon and Stone Harbor
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