402 Lincoln Avenue Sold | $979,000

Cape May Point historic Victorian Cottage circa 1876, renovated and restored as a three unit beach block property with excellent summer rental history, presently used as a single family home. The Dr. Isaac S. Fogg Cottage has been updated with modern kitchens and baths in each of the three apartments but maintains the historic charm with hardwood floors, high ceilings, many windows, covered porch, deck and screened porch. Unit one has access to the wrap around porch, which is both open and screened, spacious living room with dining area, lovely new kitchen, one bedroom and full bath. Unit two is accessed from the back door into a bedroom with attached full bath with a laundry closet. The stairs lead up the second floor into a bright and sunny kitchen and living area with screened porch. Unit three has a staircase located in the back leading into a deck entrance to the two bedroom apartment with new kitchen and bathroom and a lovely bright living room. Currently the house is rented as a whole with 5 bedrooms, 3 baths, sleeping 12 guests with average income of over $40,000 for the summer season. Endless possibilities, rent one or two units and keep the other for your own use. Situated on a large corner lot and located just two houses to the entrance to the beach and facing historic St. Peters Episcopal Church. Sold mostly furnished with the exception of art work and personal items.

This listing is provided courtesy of CHRIS CLEMANS SOTHEBY'S INTERNATIONAL REALTY