209 E SPENCER AVE, Wildwood, NJ 08260 – NJCM2002496 - Joseph Lam

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Joseph Lam

sales@soldbyturnkey.com +1(856) 305-8329

$1,089,900

Est. payment - /mo

5,704 SqFt

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UPDATED:

10/10/2024 01:12 PM

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Under Contract

Purchase Type For Sale

Square Footage 5,704 sqft

Price per Sqft $191

MLS Listing ID NJCM2002496

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $11,438

Tax Year 2022

Lot Size 4,000 Sqft

Acres 0.09

Lot Dimensions 40.00 x 100.00

Property Description

Looking for an ROI 10% or better? Turn-key rooming house with both seasonal and yearly teNewBuilding New price! This unique property offers a main building with 19 updated bedrooms, new baths, new granite kitchens, updated dining rooms and living rooms.There is a bonus, separate, recently updated 2 bedroom 1 bath cottage with it's own electric meter and brand new heating system. Renovated, separate owner or property manager's quarters with it's own kitchen and private bath on the main floor of building. New roof in 2013. New windows. Updated electric. New on demand hot water for main building. Building has brand new, separate heating systems for both main building and cottage. Every bedroom has new carpet, microwaves, TV's, refrigerators. Entire interior freshly painted. Exterior refreshed. Property comes furnished, occupied and ready to go!

Location

State NJ

County Cape May

Area Wildwood City (20514)

Zoning RESIDENTIAL

Interior

Hot Water Instant Hot Water

Heating Central

Cooling Window Unit(s)

Flooring Carpet, Ceramic Tile

Heat Source Natural Gas

Exterior

Water Access N

Roof Type Shingle

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Wildwood City Schools

Others

Tax ID 14-00147-00003

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Listed by Christine Ecker • Long & Foster Real Estate, Inc.

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Joseph Lam

+1(856) 305-8329

Broker Associate | License ID: 0682262

Broker Associate License ID: 0682262