205 E Bennett Avenue Sold | $740,000

FOUR BEDROOM HOME + 4 RENTAL UNTIS 2 BLOCKS TO BEACH & BOARDWALK! This well maintained multi-family property is situated in a terrific location, and easily has the potential to generate a positive cash flow. Situated close to the beach, boardwalk, restaurants, ice cream parlors, mini-golf and more, and only few blocks away from Wildwood Crest! The front home consists of 4 bedrooms and 2 baths with large sitting area, living room, dining area and and eat in kitchen with gas stove and a very welcoming covered front porch, where you can relax and watch the island buzz with summer fun. There is also a full size washer and dryer and plenty of storage space throughout. This home has gas forced air heat and central air (2 zones) and it is perfect for year round living. The rear building consists of four rental apartments - each unit has a porch area, 1 bedroom and 1 bath, with full size kitchen with a refrigerator and a stove top. All four rear apartments have mini split wall A/C & heat units. There is a great yard area with picnic table, BBQ grill, storage shed and outside shower, and THREE CAR PARKING on the concrete driveway completes this amazing package. The property enjoys a solid rental history - each rear unit generates $6495 per season, but that is a very conservative rental amount and it's based on the fact that some tenants come back every year and leave the property in good condition. There is potential to push the income on the back units and rent the front house for even more cash flow - or use it for your summer or year round home. This is EASY to show!

This listing is provided courtesy of LEES REAL ESTATE