419 W Spruce Avenue Sold | $510,000

MLS#: 190759
Address: 419 W Spruce Avenue
City / Zip: North Wildwood, NJ 08260
Type: Multifamily / Apartment
Status:Sold

30x100

Lot Size

8

Bedrooms

North Wildwood

City

Overview

Click the main image above for larger images

You are going to love this property for sale!!! This is your opportunity to own the perfect 7-unit multi-family investment property near the beach with 7 deeded parking spaces, one for each unit! Maybe enjoy vacationing in one unit while generating an income from the other 6 units or just keep them all as income producing machines! So nicely decorated, a turn key operation and a must see! 5 units in the front and 2 units in the rear. The owner's use includes 4 year round tenants and 3 seasonal vacation rentals. Located in beautiful North Wildwood and so close to everything you need, the beach, the jetty, the sunrises and sunsets, some of the best restaurants and most fun bars, the Wawa, the Dairy Queen and the list goes on! 1 & 2 units share the same meter, 3, 4 & 5 units share the same meter, 6 has its own meter and 7 has its own meter. In addition to the $51,000. rental income in 2019, there is still more money to be made if renting off season because all 7 units have heat all throughout the year! Unit #1 2 Bed & 2 Bath Unit #2 Efficiency & 1 Bath Unit #3 1 Bed & 1 Bath Unit #4 Efficiency & 1 Bath Unit #5 1 Bed & 1 Bath Unit #6 2 Bed & 1 Bath Unit #7 2 Bed & 1 Bath This is an opportunity of a lifetime for this great price!

This listing is provided courtesy of LONG & FOSTER REAL ESTATE, INC av

Map

Map may not be 100% accurate.

Amenities

    Property Amenities

    • Interior Features
      • Partial Furniture
    • Rooms

      • Living Room
      • Kitchen
      • Eat In Kitchen
    • Cooling

      • Wall Air Conditioning
    • Heating

      • Radiator
    • Parking

      • Assigned Parking

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Additional Information