$1,250,000
Mobile:
609-412-1340Office
609-399-4211Apartment
0
0
The fabulous corner property boasts a 100 x 103 lot. There are 2 buildings with a total of 9 apartments. The house in front is a Triplex and the rear building has 6 apartments. There are (3) 1-Bedroom units , (5) 2-Bedroom units and (1) 3-Bedroom unit. Fully rented, all Annual leases, all Rents are current, with a CAP rate of 6.2%. The current rents are below market value leaving room for a higher rent roll. Located 4 blocks to the beautiful Wildwood Beach, Boardwalk and Convention Center. Don\'t miss this one, it\'s a great catch!
Total Rooms | |
Full Bath | 0 |
# of Stories | |
Year Build | 1940 |
Lot Size | 10001 to 20000 SqFt |
Tax | 13228.00 |
SQFT |
OutsideFeatures | Patio, Porch, Fenced Yard |
Heating | Gas Natural, Electric |
HotWater | Electric |
Sewer | City |
Bedrooms | 0 |
Half Bath | 0 |
# of Stories | |
Lot Dimensions | 10,001 |
# Units | 9 |
Tax Year | 2024 |
Area | Wildwood |
OtherRooms | Living Room, Dining Room, Kitchen |
Cooling | Wall Air Conditioning |
Water | City |