Looking for an ROI 10% or better? Turn-key rooming house with both seasonal and yearly tenants. Building is fully occupied with a waiting list. 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!
Sold for $995,000 on 12/20/24
$995,000
209 E Spencer Ave, Wildwood, NJ 08260
19beds
--sqft
Multi Family
Built in 1920
-- sqft lot
$1,033,700 Zestimate®
$--/sqft
$2,186 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: December 20, 2024 at 01:49pm
Listed by:
Christine (Ecker) Masker 609-289-6676,
LONG & FOSTER REAL ESTATE, INC - OC
Bought with:
Non-Member Non-Member
Non Member
Source: CMCAOR,MLS#: 222226
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 19
- Bathrooms: 16
- Full bathrooms: 8
- Partial bathrooms: 8
Heating
- Natural Gas
Cooling
- Wall Unit(s)
Appliances
- Included: Gas Water Heater
Property
Lot
- Size: 4,000 sqft
- Dimensions: 40 x 100
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public
- Water: Public
Community & neighborhood
Location
- Region: Wildwood
HOA & financial
Other financial information
- Total actual rent: 0
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$1,033,700
2% more+$20,674
With Zillow Showcase(estimated)$1,054,374