224 E 20th Street North Wildwood, NJ $ 1,650,000
224 E 20th Street
$ 1,650,000
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224 E 20th Street

North Wildwood, NJ, 08260
$ 1,650,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 9,358

224 E 20th Street, North Wildwood, NJ 08260 - Image 1
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Multi-Family Home for sale in North Wildwood, NJ

for $1,650,000. This home was built in 1925 on a lot size of 60 x 100.

Investment opportunity! Wonderful multi- unit with $130K in income currently booked for summer 2022 and more projected. 2021 had $147K 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 st

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Multi-Family Active

Price

$ 1,650,000

Property Type

Multi-Family

Style

Triplex

Lot Size

60 x 100

Year Built

1925

Town/City

North Wildwood

County/Region

Cape May

MLS | Web ID

562863

Features
Room Sizes
Breakfast Area
Den
Dining Room
Kitchen
Kitchen (Eat-In)
Laundry Room
Living Room
Interior
Cooling System Ceiling Fan(s) Central Air
Furnished Yes
Heating Source Natural Gas
Sewer Public Sewer
Water Source Public Water
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Exterior
Driveway Concrete Driveway
Exterior Deck Outside Shower Patio Porch
Fence Fenced Yard
Garage None
Land Improvements Sidewalks
Parking Parking Pad(s)
Siding Vinyl
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* Excluded Features
List By
Exp Realty - Montclair

Broker

Affordability Calculator

$9,358
Per Month
100%
0%
0%
Monthly Principal & Interest
$9,358
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Pricing History
DatePricePrice ChangeDescription
6/3/2022$1,650,000 -8.28% Price Down
5/12/2022$1,799,000 Listed Price

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224 E 20th Street, North Wildwood, NJ, 08260 is a Multi-Family Home for sale at $1,650,000 with a lot size of 60 x 100. 224 E 20th Street has 0.0 baths and was built in 1925. The property's zip code is 08260 which is in North Wildwood, NJ