Joan S. Spencer 609-391-1330x422
1330 Bay Avenue, Ocean City
Joan S. Spencer 609-391-1330x422
1330 Bay Avenue, Ocean City
$899,000
Mobile:
609-204-3027Office
609-391-1330x422Four-Plex
0
0
Golden Opportunity in Wildwood: 4-Unit Rental Gem with Huge Upside Potential Nestled in the heart of Wildwood, NJ, just blocks from the iconic boardwalk and sparkling beaches, 126 W Andrews Avenue offers more than just location—it delivers serious cash flow and remarkable upside potential. Currently operating as a successful Airbnb, this fully rented four-plex generates approximately $80,000 in annual income and is achieving a strong 7% CAP rate. But here’s the real opportunity: with strategic optimization, this investment could yield a 10% or higher return—a rare feat in today’s competitive coastal markets. Tailored for the savvy investor, the property features a highly versatile unit mix, including one spacious 4-bedroom unit, two flexible 2-bedroom units, and one charming 1-bedroom unit. This diversity allows for a dynamic rental strategy—maximize short-term income through platforms like Airbnb during peak season, then stabilize cash flow with long-term tenants in the off-season. That kind of flexibility empowers you to adapt with the market and take control of your investment’s performance. What sets this property apart even further is the extensive list of recent improvements, ensuring a true turnkey experience. In 2025, all new PVC plumbing was installed under the main house, and an instant hot water heater was added to Unit #2. In 2024, the main house received a new roof and brand-new siding on the front of the home. A year earlier, in 2023, the exterior was enhanced with fresh landscaping using stone and professional underlayment, and pest control was implemented. Units 2 and 3 were freshly painted and fully outfitted with brand-new furniture, while Unit 1 also received partial furniture upgrades. To boost tenant convenience and appeal, a washer and dryer were added to Unit 2, and a brand-new washer and dryer was installed in Unit 1. All units were also equipped with new window A/C units for added comfort. These capital upgrades reduce future maintenance expenses while allowing you to command premium rental rates—whether targeting vacationers seeking Wildwood’s beaches and boardwalk or long-term tenants who want to enjoy the year-round charm of the Jersey Shore. In short, this isn’t just a real estate investment—it’s a ready-made income machine in one of the Northeast’s most desirable coastal destinations. With seasonal surges, steady off-season demand, and a proven business model already in place, the path to stronger cash flow is already paved. Implement smart pricing tools, explore added amenities, or refine your marketing and watch the returns climb even higher. Note: Financials and ROI based on current performance; buyers should verify all data.
| Total Rooms | |
| Full Bath | 0 |
| # of Stories | |
| Year Build | 1920 |
| Lot Size | 1 to 6000 SqFt |
| Tax | 7580.00 |
| SQFT |
| OutsideFeatures | Deck, Porch, Fenced Yard, Sidewalks, Outside Shower, Security Camera |
| OtherRooms | Living Room, Kitchen, Storage Space |
| Basement | Crawl Space |
| Cooling | Central Air, Wall Air Conditioning |
| Water | City |
| Bedrooms | 0 |
| Half Bath | 0 |
| # of Stories | |
| Lot Dimensions | 40 x 100 |
| # Units | 4 |
| Tax Year | 2024 |
| Area | Wildwood |
| ParkingGarage | 2 Car, Concrete Driveway |
| AlsoIncluded | Blinds, Furniture |
| Heating | Gas Natural |
| HotWater | Gas |
| Sewer | City |
