For Sale 341 Oak Ave, Wildwood, NJ, 08260

Top floor 3 bed 2 bath unit in 4 unit building with ocean views. Unit was used as rental and does very well year after year. Shared garage and private storage room. Outside shower. Unit includes all furniture less personal items. This is truly a turnkey unit. Be ready before next season. Sellers are ready for offers!

Welcome to Historic Grassy Sound! WOW !! Condo out the 2 homes if needed both homes are on one lot, Price for the 2 Homes only is $749,000 and for Boat house ,on seperate lot is $169,000. This property has a North Wildwood Address and Zip code. Located Waterfront right outside of North Wildwood, Anglesea , Stone Harbor and short ride to Cape May. Grassy Sound is a perfect fit of peaceful, tranquil and great outdoor Adventures. Catch stripers, weakies. crabbing right off your own dock! Sunbathe with decks North, South, East and West!! WOW Keep your Boats and or Water toys, wave runners at your own dock with Bulkhead. The property has approx. more than a Half Acre of waterfront with 110\' frontage on the Intercoastal waterway. Has 2 separate homes and a one room bunk house on property. #33 Home is Waterfront with 2 separate bedrooms, spacious living room with views of the Intercoastal, with wrap around decks! Watch the start of a Beautiful Day with a sunrise and cup of coffee. Has spacious Eat in Kitchen and Family room also. Home has baseboard hot water heat, owner lives there all year round. #35 is a 2 Bedroom Chalet style open floor plan home with vaulted ceilings and one bath. Great views of intercoastal and Nature at its Best!! decks for sunbathing also! Has baseboard hot water heat and is currently rented all year round for $2000.00 monthly. #37 is a small one room cottage, bunkhouse used for overflow!!Owner is member of the Grassy Sound Civic Assoc. which serves to provide sewer to more than 40 Homes in the Area. There is a monthly charge for sewer installation repayment and disposal also. Sale is subject to a Tidelands lease which seller is in the process of obtaining. More information on it will be available soon. House and Chalet are on one Deed and Bunkhouse is on Another, both properties are included in Sale.

3400 Boardwalk is located in an area that could be described as the Times Square of the Wildwood Boardwalk, directly across from Mariner’s Pier. The property offers exceptional exposure with 30.9 feet of direct boardwalk frontage and an additional 54.3 feet along Cedar Avenue Boardwalk. The main draw to this investment is the $140,000 NNN lease, which expires in 2027 and includes a five-year extension option. The property was formerly home to Harry’s Corner and is now occupied by Wally’s Restaurant. The unit also features the iconic Coca-Cola sign, a well-known landmark on the boardwalk that generates an additional $15,000 in annual income through a lease agreement with Coca-Cola. At the asking price and under the current lease terms with the tenant and Coca-Cola, the property offers an investor a 6.74% return. Additionally, Unit 3J is available for $714,000 and generates $50,000 in annual rental income under the same lease terms with the same tenant, resulting in a 7% cap rate.