FOUR BEDROOM HOME + 4 RENTAL UNTIS 2 BLOCKS TO BEACH & BOARDWALK! This well maintained multi-family property is situated in a terrific location, and easily has the potential to generate a positive cash flow. Situated close to the beach, boardwalk, restaurants, ice cream parlors, mini-golf and more, and only few blocks away from Wildwood Crest! The front home consists of 4 bedrooms and 2 baths with large sitting area, living room, dining area and and eat in kitchen with gas stove and a very welcoming covered front porch, where you can relax and watch the island buzz with summer fun. There is also a full size washer and dryer and plenty of storage space throughout. This home has gas forced air heat and central air (2 zones) and it is perfect for year round living. The rear building consists of four rental apartments - each unit has a porch area, 1 bedroom and 1 bath, with full size kitchen with a refrigerator and a stove top. All four rear apartments have mini split wall A/C & heat units. There is a great yard area with picnic table, BBQ grill, storage shed and outside shower, and THREE CAR PARKING on the concrete driveway completes this amazing package. The property enjoys a solid rental history - each rear unit generates $6495 per season, but that is a very conservative rental amount and it's based on the fact that some tenants come back every year and leave the property in good condition. There is potential to push the income on the back units and rent the front house for even more cash flow - or use it for your summer or year round home. This is EASY to show!
Sold for $740,000 on 01/27/23
$740,000
205 E Bennett Ave, Wildwood, NJ 08260
8beds
--sqft
Apartment
Built in ----
-- sqft lot
$925,200 Zestimate®
$--/sqft
$2,628 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: February 01, 2023 at 11:10am
Listed by:
Jessica L. Lees 609-408-4656,
LEES REAL ESTATE
Bought with:
Douglas Leroy Wyckoff
eXp REALTY
Source: CMCAOR,MLS#: 223047
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Natural Gas, Electric, Forced Air, Zoned, Space/Wall/Floor
Cooling
- Central Air, Ceiling Fan(s), Wall Unit(s)
Appliances
- Included: Gas Water Heater
- Laundry: Laundry Room
Features
- Storage
- Furnished: Yes
Property
Parking
- Total spaces: 3
- Parking features: 3 Car, Concrete
- Has uncovered spaces: Yes
Features
- Patio & porch: Patio, Deck, Porch
- Exterior features: Sidewalks, Outdoor Shower
Lot
- Size: 4,000 sqft
- Dimensions: 40 x 100
Details
- Additional structures: Storage
- Parcel number: 1400024000000002
- Zoning: GC
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Condition
- New construction: No
Utilities & green energy
- Sewer: City
- Water: City
- Utilities for property: Cable Available
Community & neighborhood
Location
- Region: Wildwood
HOA & financial
Other financial information
- Total actual rent: 0
Sell with ease on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$925,200
2% more+$18,504
With Zillow Showcase(estimated)$943,704