215 East 24th Avenue

North Wildwood, NJ 08260

$1,375,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Extraordinary investment opportunity! This charming coastal style six-unit, multifamily property is situated approximately 2.5 blocks from the beach and boardwalk in an amazing location. Enjoy amusements and water parks, fantastic restaurants, recreational parks and so much more, all within close proximity. All units in this building have full heat and air conditioning, offering options for renting for short term summer rentals, longer seasonal / shoulder season rentals or year-round - or a variety,...Extraordinary investment opportunity! This charming coastal style six-unit, multifamily property is situated approximately 2.5 blocks from the beach and boardwalk in an amazing location. Enjoy amusements and water parks, fantastic restaurants, recreational parks and so much more, all within close proximity. All units in this building have full heat and air conditioning, offering options for renting for short term summer rentals, longer seasonal / shoulder season rentals or year-round - or a variety, as may suit your needs. You could reserve a unit for personal use and still produce a strong income. The wrap around porch on the second level is the perfect spot to line up the rocking chairs and enjoy the sounds and sights of people enjoying life at the beach. Both units 3 and 4 are accessed from this porch. Unit 3 (on the 2nd level) is a beautiful 2 bedroom, 1 bath with stunning hardwood flooring throughout, a large living room, dining area, kitchen with plenty of cabinets and tile flooring with walk in pantry, and a bath with large tile shower and unique dresser style dual sink vanity and washer/dryer hookups, and a deck off the kitchen. Unit 4 (up the stairs on the 3rd level) is a 2 bedroom, 1 bath with original stainless window features, original doors with glass knobs - it's very charming. This unit has new carpeting throughout, a private washer and dryer, kitchen and living room. The front deck dedicated to this unit has massive and expands the living space. The top floor is unit 5, and that is the largest of the units with 3 bedrooms and 1 bath. Units 1 and 2 are on the ground level. Unit 1 is a two bedroom, two bath with large wet room style tile bathroom, living room, kitchen and its own small deck. Unit 2 is a one bedroom, one bath with a sitting room with patio, kitchen, bath with tub, and a private washer and dryer. Unit 6 is the free standing cottage, which is a 1 bedroom, 1 bath with kitchen and sitting area. The owner has made many improvements to this property - the property has attractive vinyl siding for minimal maintenance, all systems and utilities are separated to each unit, all kitchens and baths have been updated - the property is ready to go for 2024. Situated on a large 64 X 100 lot, there is plenty of parking for all units and outdoor space. Every unit is vacant with the exception of Unit 5 - that unit is rented for $1,900/mo. on a month-to-month basis. Income potential exceeds $125,000 easily and could push higher with a short-term rental approach. Ready to invest in your future and the shore? Call today to reserve your showing!
  1. Listed by Jessica L. Lees • LEES REAL ESTATE

Property Details for 215 East 24th Avenue

MLS #
240234
DOM
68
Class
MULTI-FAMILY
Location
Cleared Lot, Island
Sale/Rent
For Sale
Type
Apartment

Location

Listing Courtesy of LEES REAL ESTATE
Add your commute
LISTING UPDATED: 03/24/2024 02:00 AM

Property Details for 215 East 24th Avenue

StatusActive
MLS #240234
Days on Market107
Taxes$8,370 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTI-FAMILY / Apartment
Year Built-
Lot Size0.15 AC / 6,400 SF
CountyCape May County

Location

Listing Courtesy of LEES REAL ESTATE
Add your commute

Building Information for 215 East 24th Avenue

Stories-Residences-Year Built-Building Size-Lot Size0.15 AC / 6,400 SF

Payment Calculator

$8,201 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,504

Property Taxes

$698

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 215 East 24th Avenue

Summary
Location and General Information
  • Area: North Wildwood
  • Suitable For: Bed and Breakfast,Condo Conversion,Multi Family+Rooms
  • Address Number: 215
  • Address Search Number: 215.0
  • Address Direction: E
  • Address Street: 24th
  • City: North Wildwood
  • Street Designation: Avenue
  • Beach Proximity: 2 Blocks
  • Address: 215 E 24th Avenue
  • Status: ACTIVE
  • Zoned: R1
  • State: NJ
  • Zip: 08260
  • Status Detail: 0
Taxes and HOA Information
  • Taxes: $8,370.38
  • Tax Year: 2022-2023
Parking
  • Parking: Concrete Driveway
Property
Lot Information
  • Lot Size: 64 x 100
  • New Construction Y/N: No
  • Possession: Settlement
  • Lot Number: 13
  • Block Number: 228
Property and Assessments
  • May B Sub to 3rd pty Appr: No
Utilities
  • Heating: Gas Natural, Forced Air
  • Cooling: Ceiling Fan, Central Air
  • Hot water: Gas
  • Water: City
  • Sewer: City
  • Separate Meter: Cooling,Electric,Gas,Heat,Hot Water
Interior and Exterior Features
Interior Features
  • Other rooms: Living Room, Dining Room, Kitchen, Den/TV Room, Dining Area, Pantry, Laundry/Utility Room, Other
  • Total # of Baths: 7
  • Unit 1 Bedrooms: 2.0
  • Unit 2 Bedrooms: 1.0
  • Unit 3 Bedrooms: 2.0
  • Unit 4 Bedrooms: 2.0
  • Unit 5 Bedrooms: 3.0
  • Unit 6 Bedrooms: 1.0
  • Unit 1 Number: 1
  • Unit 2 Number: 2
  • Unit 3 Number: 3
  • Unit 4 Number: 4
  • Unit 5 Number: 5
  • Unit 6 Number: 6
  • Unit 1 Rent: 0
  • Unit 2 Rent: 0
  • Unit 3 Rent: 0
  • Unit 4 Rent: 0
  • Unit 5 Rent: $1900
  • Unit 6 Rent: 0
  • Total Rent: 0
  • Total # of Lavs: 0
  • Total # of Beds: 11
  • Unit 1 Baths: 2.0
  • Unit 2 Baths: 1.0
  • Unit 3 Baths: 1.0
  • Unit 4 Baths: 1.0
  • Unit 5 Baths: 1.0
  • Unit 6 Baths: 1.0
  • Unit 1 Lavs: 0.0
  • Unit 2 Lavs: 0.0
  • Unit 3 Lavs: 0.0
  • Unit 4 Lavs: 0.0
  • Unit 5 Lavs: 0.0
  • Unit 6 Lavs: 0.0
  • Unit 1 Rooms: 6.0
  • Unit 2 Rooms: 4.0
  • Unit 3 Rooms: 6.0
  • Unit 4 Rooms: 5.0
  • Unit 5 Rooms: 6.0
  • Unit 6 Rooms: 4.0
  • Number of Units: 6.0
  • Also Included: Curtains, Blinds
  • Basement: Slab
Exterior Features
  • Outside Features: Patio, Deck, Porch, Grill

Property History for 215 East 24th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 215 East 24th Avenue

Taxable ValueLand$279,600Additions$294,500Total$574,100
Tax Record2022$8,370 ($698 / month)
Home Facts
Total Finished SqFt3,372 SqFtAbove Grade Finished SqFt3,372 SqFtStories2Lot Size6,399 SqFtStyleMulti-Family Res (5+ Units)Year Built1920ZoningR1CountyCAPE MAYAPN07 00228-0000-00013

Schools near 215 East 24th Avenue

This home is within North Wildwood School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Private - PK to 8
Private - 9 to 12
Rating
School
Distance
Margaret Mace Elementary School
PublicPK to 8

Cape Trinity Catholic School
PrivatePK to 8

Wildwood Catholic High School
Private9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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215 East 24th Avenue is a multi-family home for sale in North Wildwood, NJ 08260. This property was listed for sale on January 16, 2024 by LEES REAL ESTATE, it's currently listed at $1,375,000. This listing's school district is North Wildwood School District. Nearby schools include Margaret Mace Elementary School, Cape Trinity Catholic School and Wildwood Catholic High School. 215 East 24th Avenue is a 0-bed, 0-bath, multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LEES REAL ESTATE

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.