736 Wesley Avenue

Ocean City, NJ 08226

$915,000
Last Sold Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Investors alert! Income ! Income! Income! Almost $80k annual. (owner lives in 1 of the 3 bed units @ $1000 month/should be at least $1500 month so add another $6k to almost $85k) dynamite corner block, corner of 8th and Wesley. A few short blocks to beach and boardwalk. Restaurant, 1st floor and 5 income producing rental apartments. 1-efficiency.... 2-1 bedroom apts and 2- 3 bedroom apts. Insurance/$4800 yr Flood/$2000 yr. Building does need work, rehab and make even more$$$$ Call listing agent for...Investors alert! Income ! Income! Income! Almost $80k annual. (owner lives in 1 of the 3 bed units @ $1000 month/should be at least $1500 month so add another $6k to almost $85k) dynamite corner block, corner of 8th and Wesley. A few short blocks to beach and boardwalk. Restaurant, 1st floor and 5 income producing rental apartments. 1-efficiency.... 2-1 bedroom apts and 2- 3 bedroom apts. Insurance/$4800 yr Flood/$2000 yr. Building does need work, rehab and make even more$$$$ Call listing agent for rent rolls, showings and for more details. More pics to follow.
  1. Listed by KEVIN SEGICH • GRACE REALTY

Property Details for 736 Wesley Avenue

City/Community
Ocean City
Class
MULTI-FAMILY
Parking - Exterior
Off Site Parking
Waterfront (Y/N)
No

Location

Listing Courtesy of GRACE REALTY

Sold By GRACE REALTY

Add your commute
LISTING UPDATED: 11/06/2021 01:08 PM

Property Details for 736 Wesley Avenue

StatusSold
MLS #552080
Days on Market50
Taxes$6,479 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTI-FAMILY / 4 - 10 Units
Year Built1900
Lot Size0.07 AC / 3,050 SF
CountyCape May County

Location

Listing Courtesy of GRACE REALTY

Sold By GRACE REALTY

Add your commute

Building Information for 736 Wesley Avenue

Stories-Residences6Year Built1900Building Size-Lot Size0.07 AC / 3,050 SF

Payment Calculator

$5,533 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,994

Property Taxes

$540

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 736 Wesley Avenue

Summary
Location and General Information
  • Address: 736 Wesley Ave
  • Address Number: 736
  • Address Search Number: 736
  • Address Street: Wesley
  • Area: Ocean City/Central
  • County: Cape May
  • Directions: From 9th st bridge straight, make left on Wesley ave,Corner of Wesley and 8th st
  • Fips Code: 34009
  • Location: Corner, Historical District
  • State: NJ
  • Street Designation: Ave
  • Zip: 08226
Parking
  • Garage: None
Taxes and HOA Information
  • LVT Date: 06-18-2021
  • Tax Year: 2020
  • Taxes: 6479
Property
Lot Information
  • Approved Short Sale?: N/A
  • Block #: 706
  • Lot #: 18
  • Lot Dimensions: 50x 61
Property and Assessments
  • Age: 25+ Years
  • Associated Document Count: 0
  • Estate Y/N: No
  • Improved Value: $399,900
  • Land Value: $262,500
  • New Construction: No
  • Total Assessment: 662400
  • Water: Public
  • Year Built: 1900
Utilities
  • Sewer: Public Sewer
  • Water Heater: Gas
Interior and Exterior Features
Exterior Features
  • Siding/Exterior: Vinyl
Interior Features
  • Heating: Gas-Natural
Multi Family
Multi-Family Information
  • # of 1 Bedroom Units: 2
  • # of 3 Bedroom Units: 2
  • # Of Efficiency Units: 1
  • Annual Taxes: 6479.
  • Limited Service (Y/N): No
  • Number Of Units: 6
  • Owner Occupied (Y/N): Yes
  • Rent Control (Y/N): No
  • Rental Information: 100 Percent Occupancy, Yearly
  • Separate Meters: Electric, Gas
Unit 1
  • Unit 1 Level: Lower
  • Unit 1 Unit: Com

Property History for 736 Wesley 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 736 Wesley Avenue

Taxable ValueLand$262,500Additions$399,900Total$662,400
Tax Record2022$6,816 ($568 / month)
Home Facts
Total Finished SqFt4,804 SqFtAbove Grade Finished SqFt4,804 SqFtStories3Lot Size3,049 SqFtStyleMiscellaneous CommercialYear Built1900ZoningCB3CountyCAPE MAYAPN08 00706-0000-00018

Schools near 736 Wesley Avenue

This home is within Ocean City School District.
Rating
School
Type
Grades
Distance
Public - PK to 3
Public - 4 to 8
Public - 9 to 12
Private - K to 8
Rating
School
Distance
Ocean City Primary School
PublicPK to 3

Ocean City Intermediate School
Public4 to 8

Ocean City High School
Public9 to 12

St. Augustine Regional School
PrivateK to 8

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.

Similar Homes

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Similar Sold Homes

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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 GRACE REALTY

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.