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500 W Glenwood Avenue

WILDWOOD, NJ 08260
  • $704,900
  • STATUS: Active
  • ON SITE: 57 Days
  • ID#: NJCM2001330
$704,900
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,828
    SQFT
  • $184
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1960
County:

School Ratings & Info

School District:

Description

Turn Key Investment Property. Bay views with very safe and stable island community in exclusive West Wildwood. Three Unit (Triplex) Residential Building in Town Commercial Zone of West Wildwood just over the bridge from Wildwood. 8 bedrooms, 4 bathrooms, 3 kitchens, 3 living rooms, 2 dining rooms. Flooring <3 years old, ceiling fans, washer/dryer in every unit, hot water heaters (new, 3 and 4 years old), new front siding, new windows in majority of home. Excellent long term year round tenants with the following number of years rented: Unit A - 6 years, Unit B - 3 years, Unit C - 13 years. All planning to sign multiyear lease extensions. Home has been meticulously maintained and major renovation of entire 2nd floor Unit B in 2019, minor renovations of other units 2019-2022, Flat roof replacement in 2021 and several other improvements since taking ownership in 2019. A home inspection was conducted by highly reputable home inspector and majority of major, marginal and minor defects have been or will be addressed prior to closing. Net Operating Income calculations will be provided to serious buyers. Gross annual rental income is $49,500 that should grow to $53,000 at the end of 2023.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty LLC. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-10-04T23:52:14.397.
www.rowackrealestateteam.com/homes/131967774
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500 W Glenwood Avenue WILDWOOD, NJ 08260

  • Price: $704,900
  • Status: Active
  • On Site: 57 Days
  • ID#: NJCM2001330
0
Beds
0
Baths
0
½ Baths
0.11
Acres
3,828
SQFT
$184
$/SQFT
1960
Built
Neighborhood:
West Wildwood
County:
Cape May
Area:
West Wildwood Boro (20513)
School District:
Wildwood City Schools
Property Description
Turn Key Investment Property. Bay views with very safe and stable island community in exclusive West Wildwood. Three Unit (Triplex) Residential Building in Town Commercial Zone of West Wildwood just over the bridge from Wildwood. 8 bedrooms, 4 bathrooms, 3 kitchens, 3 living rooms, 2 dining rooms. Flooring <3 years old, ceiling fans, washer/dryer in every unit, hot water heaters (new, 3 and 4 years old), new front siding, new windows in majority of home. Excellent long term year round tenants with the following number of years rented: Unit A - 6 years, Unit B - 3 years, Unit C - 13 years. All planning to sign multiyear lease extensions. Home has been meticulously maintained and major renovation of entire 2nd floor Unit B in 2019, minor renovations of other units 2019-2022, Flat roof replacement in 2021 and several other improvements since taking ownership in 2019. A home inspection was conducted by highly reputable home inspector and majority of major, marginal and minor defects have been or will be addressed prior to closing. Net Operating Income calculations will be provided to serious buyers. Gross annual rental income is $49,500 that should grow to $53,000 at the end of 2023.
Exterior Features

Architectural Style ColonialTraditional Construction Materials CombinationFrameVinyl Siding Distance To Body Of Water 175 Door Features Storm Garage YN No Other Structures Above GradeBelow Grade Parking Types Off StreetDriveway Pool No Pool Property Condition Very Good Riparian Rights YN No Water Access YN No Water Body Type Bay Water Oriented YN Yes Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 3828 Appliances Built-In MicrowaveCooktopDishwasherDryer - ElectricFreezerOven - SingleOven/Range - ElectricRefrigeratorStainless Steel AppliancesStoveWasherWater Heater Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Window Unit(S) Exclusions Tenants Furniture And Personal Property Fireplace YN No Fireplaces Total 0 Heating Baseboard - Electric Heating YN Yes Inclusions All AppliancesHvac EquipmentLight Fixtures Interior Features AtticCarpetCeiling Fan(S)Dining AreaFloor Plan - TraditionalRecessed LightingTub ShowerUpgraded CountertopsWalk-In Closet(S)Wood Floors Rooms Total 20 Security Features Smoke DetectorCarbon Monoxide Detector(S) Single Room Units 20 Spa YN No Three Bedroom Units 2 Two Bedroom Units 1 Units Furnished None

Property Features

Acceptable Financing ConventionalFhaCash Accessibility Features None Assessment Year 2021 Central Air YN No Cooling Fuel Electric Cross Street Glenwood Ave And Venice Ave Elevators 0 Existing Lease Type Long Term Foundation Details BlockCrawl Space Heating Fuel Electric Historic YN No Hot Water Electric Internet Services BroadbandCable Municipality West Wildwood Boro Navigable Water YN N New Construction YN No Number Of Units Leased 3 Number Of Units Total 3 Number Of Units Vacant 0 Original MLSNumber 801798444358 Owner Pays InsurancePest ControlRepairsSewerTaxes - Real EstateWaterTrash Collection Ownership Interest Fee Simple Possession Settlement Property Sub Type Triplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 7619.00 Tax Assessment Amount 418200.00 Tax Lot 00019 Total Actual Rent 49500.00 Utilities Electric AvailableCable Tv AvailableSewer AvailableWater Available Vacation Rental YN No Water Source Public Window Features Vinyl CladCasement Year Built Effective 2019 Zoning T-C Zoning Description Town Commercial Zoning

Listing courtesy of Keller Williams Realty Preferred Properties: .


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty LLC. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-10-04T23:52:14.397.
 
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eXp Realty LLC
966 Shoppes Blvd
North Brunswick NJ, 08902