224 E 20th Avenue, Wildwood, NJ 08260  

This is one of the the largest homes in North Wildwood!! This triplex sleeps 32 between all 3 units. Whether youre looking for a very large home or a property with an income producing business, stop your search, this is it. This home currently is used as a triplex and has a total of 13 bedrooms and 7 baths between the main house and the cottage. The wrap around porch on both levels of the front house are both spacious and inviting with rocking chairs to relax and enjoy the cool ocean breezes. Currently the owners rent all 3 units to one group at a time for weekly rent of between $8,000-$8,250. It already has repeat renters for most of the 2019 summer. There are only 3 weeks not yet rented. This home produces $115,000 per year in income. The owner takes on winter tenants which only increases your income. Everything was totally new in 2005. New roof, windows, HVAC and central air, 3 water heaters, kitchens and baths. There are 3 separate electric meters and 1 gas meter. The driveway holds parking for at least 6 cars. The owners have lovingly maintained this home after each checkout and throughout the course of the year to know that everything is in perfect working order. When you tour this home, it will remain fully furnished as you see it to to remain a turnkey property. Easy to show, no tenants currently. Lockbox on premises.

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  • Listing Type Multi-Family
  • Listing ID 184264
  • Lot Size 60x100
  • Listing Status Active
  • Year Built 1925
  • County Cape May
  • Units 3
  • Taxes 7432.13
  • TaxYear 2017
Listing courtesy of Donna Leyland~RE/MAX at The Shore

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