Welcome to 817 Stockton Avenue. This property consists 3 apartments located a short block to the beach. Keep as separate apartments or turn into a single family; whichever suits your needs. If you use the first floor unit for yourself you can rent the other two units and bring in about $58,000 in rental income. With ocean views from the 2nd and 3rd floor front rooms, this is your escape from the hustle and bustle of life for a more relaxed one by the beach. Enjoy the ocean breezes from the large wrap around front porches or tuck yourself away on one of the rear decks for some peace and quiet. All of the units have kitchens and two have a private rear deck. This property is well maintained by the current owners who do upgrades every year throughout the buildings. The exterior was painted in 2018, furnace and tankless hot water heater installed in 2019, porch roof replaced in 2019, main water lines replaced in 2017, fire system upgrade in 2017 and so much more! 817 – First Floor is a (2 Bedroom, 2 Bathroom) apartment with a large rear deck. 817 – Second Floor a (3 Bedroom, 2 Bathroom) unit with a new kitchen with granite counters. 817 – Third Floor is the entire third floor and offers (3 Bedrooms, 2 Bathrooms) and a rear deck. This property has a shared interior with access to the units or the first and third floors can access by the exterior back stairs. 2020 Rental Income is $82,825. The homeowner has not adjusted pricing in a few years so we’re looking at an even better 2021 with multiple weeks in each unit already rented with a rent increase. This is a fabulous opportunity for someone looking for their own piece of Cape May with a nice dose of rental income. Showings are by appointment only as this property rents weekly and nightly as vacation rentals. Additional information available such as; property disclosures, income/expenses and elevation certificates.
This listing is provided courtesy of COASTLINE REALTY, LLC
Map may not be 100% accurate.