$674,995
Mobile:
609-425-8891Office
609-391-1330x415Triplex
0
0
Turnkey Investment Opportunity in the Heart of Cape May Court House Welcome to 220 Hand Ave, a fully renovated triplex located in the desirable Middle Township School District. Just minutes from the best that Cape May County has to offer, this income-producing property is perfect for investors seeking immediate cash flow. It’s also a great opportunity for the discerning buyer looking for a primary home with built-in cash flows. This well-maintained building features three fully leased units: Two 1-bedroom/1-bath units on the first floor One spacious 2-bedroom/1-bath unit on the second floor Each unit has been thoughtfully updated with: Modern white cabinetry and quartz countertops Stainless steel appliances and recessed lighting In-unit washer/dryer Durable vinyl flooring throughout Gas heat and central air for year-round comfort Additional highlights include a large driveway with ample parking and 3 separate side entrances for each unit. The property currently generates approximately $50,000 annually, with potential to increase rents to current market rates: 1-bedroom units: up to $1,700/month 2-bedroom unit: up to $1,900/month This presents a fantastic opportunity to own a fully rented, low-maintenance investment property with upside potential. Schedule your private showing today and start earning from day one!
Total Rooms | |
Full Bath | 0 |
# of Stories | |
Year Build | 1934 |
Lot Size | 6001 to 10000 SqFt |
Tax | 5155.00 |
SQFT |
OutsideFeatures | Other (See Remarks) |
OtherRooms | Living Room, Kitchen, Laundry/Utility Room |
Heating | Gas Natural, Forced Air |
HotWater | Gas |
Sewer | Public |
Bedrooms | 0 |
Half Bath | 0 |
# of Stories | |
Lot Dimensions | 7350 |
# Units | 3 |
Tax Year | 2024 |
Area | Cape May Court House |
ParkingGarage | Concrete Driveway |
Basement | Partial |
Cooling | Central Air, Electric |
Water | Public |