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2704 Atlantic Avenue
Wildwood
MLS: 203393
Multi-Family


Presenting .... "The Ultra"! This is a very unique offering for an investor who truly understands the value of a one of a kind and beautifully maintained opportunity! Generating $80,000+/ season, with a total of 14 bedrooms and 5.5 bathrooms, and 10+ car parking, this property spans four stories. The main attraction of this stunner is an 8 bedroom, 3.5 bath residence which comprises the 2nd, 3rd and 4th levels, accommodating a total of 30 people. Included is a large foyer, living room area, kitchen with two ranges, three refrigerators, two microwaves and a dishwasher to easily accommodate the cooking and eating needs of large groups, and a spacious dining area. The rooms throughout are a nice size, and there is a woodturning fireplace on the main living area with a gas insert. You will surely appreciate the many architectural and period details such a gorgeous fireplace, moldings, incredible extra wide wood front door, wood trim, and so much more. All baths are full tile for easy care. This unit has gas hot water and window A/C units for summer comfort. The carpets were new in 2019. There is also a laundry room available. The owner currently rents this unit for approximately $5,000/week in the summer. The first floor has two 3 bedroom, 1 bath apartments that rent each summer season for $14,000 - $16,000 each including utilities, and they are already rented for the 2021 season. There are also rentals in the main house booked for 2021 totaling so far approximately $24,000 - a buyer would need to honor those rentals, call for more details. The exterior of this property is vinyl sided, all trim is Azek, and it is super clean - you will be very impressed with the condition of this property. There is a workshop on premises, built in security cameras including night vision, decks galore for maximum outdoor living enjoyment, and a huge garage with loft for all of your storage needs. There are 3 electric meters and 1 gas meter. Enjoy TEN CAR PARKING (YES, 10 CARS!) and a huge yard which begs for a pool - what an amazing addition that would be to round off this incredible property, and elevate the enjoyment and potential rental income to the stratosphere! The possibilities are truly endless - you could rent all three units for maximum income - the seller generates over $80,000/year currently - or just rent the first floor units for $30,000/income each year to help cover the expenses, and enjoy the main home for your vacation home - great for multiple buyers to go in on together! Vacant and ready to be shown, call today!
SUITABLE FOR:
Bed and Breakfast
Multi Family+Rooms
Rooming House
OTHER ROOMS:
Living Room
Dining Room
Kitchen
Den/TV Room
Recreation/Family
Eat In Kitchen
Storage Space
LOCATION:
Island
OUTSIDE FEATURES:
Patio
Deck
Porch
Storage Building
Cable TV
Sidewalks
ALSO INCLUDED:
Curtains
Furniture
BASEMENT:
Crawl Space
PARKING/GARAGE:
1 Car
2 Car
3 Car
Concrete Driveway
WATER:
City
City
COOLING:
Wall Air Conditioning
HEATING:
Electric
SHOW INFORMATION:
Lockbox
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Let HOFFMAN AGENCY be your buyer agent for this listing. Listing is provided by LEES REAL ESTATE and Cape May County MLS. The data relating to real estate for sale on this web page appears in part through the Cape May County MLS program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which we participate, and is provided by Cape May County MLS through a licensing agreement.
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to change, withdrawal, or prior sale.