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Sold for $894,172 on 09/20/23
  • $894,172

    6007-11 New Jersey Ave, Wildwood, NJ 08260

    3beds
    --sqft
    MultiFamily
    Built in ----
    -- sqft lot
    $1,078,400 Zestimate®
    $--/sqft
    $3,797 Estimated rent

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    $3,797/mo

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    $3,797/mo

    Rent Zestimate®

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    $5,380/mo

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    $5,380/mo

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    What's special

    Welcome to 6007-11 New Jersey Ave, a remarkable mixed-use dwelling offering a lucrative investment opportunity in the heart of Wildwood Crest. Situated on a massive 120x90 lot, this property comprises three thriving (and occupied) first floor commercial units and two second-floor residential units (One 1BR and one 2BR), boasting a substantial gross rental income of 88k+ annually. With its incredible income potential and vast development possibilities, this is an opportunity not to be missed. As you make your way to the second floor, you'll find two residential units that provide comfortable and convenient living spaces. These units feature functional layouts that have never had issue renting. The enormous lot size presents significant development opportunities for the future. Whether you envision expanding the existing structure, adding additional units, or exploring alternative uses, the possibilities for growth and increased revenue are immense. The property's strategic location and the area's demand for commercial and residential spaces make it an exceptional long-term investment. Investors, entrepreneurs, and developers, seize this remarkable opportunity to acquire a mixed-use property with substantial rental income and significant development potential. Whether you choose to enhance the existing structure or explore future expansion, 6007-11 New Jersey Ave offers an incredible canvas to create an impressive real estate portfolio. Don't miss out on this exceptional investment opportunity. Schedule your private viewing today and unlock the endless possibilities that await at 6007-11 New Jersey Ave, Wildwood Crest.

    Zillow last checked: 8 hours ago

    Listing updated: September 30, 2023 at 10:02am

    Listed by:

    Zachery Feinstein 609-442-4370,

    COMPASS RE - Ocean City

    Bought with:

    Daniel Sakers, 1432418

    Coldwell Banker James C Otton Real Estate

    Source: CMCAOR,MLS#: 231783MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 5
    • Full bathrooms: 2
    • Partial bathrooms: 3
    Heating
    • Natural Gas, Electric, Baseboard, Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Electric Water Heater
    • Laundry: Laundry Room
    Features
    • Storage
    • Has basement: No

    Property

    Parking
    • Parking features: Asphalt
    • Has uncovered spaces: Yes
    Features
    • Exterior features: Sidewalks, Other
    Lot
    • Size: 0.27 Acres
    • Dimensions: 130 x 90
    • Features: Corner Lot, Island

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Foundation: Slab
    Condition
    • New construction: No

    Utilities & green energy

    • Sewer: City
    • Water: City

    Community & neighborhood

    Location
    • Region: Wildwood

    HOA & financial

    Other financial information
    • Total actual rent: 90600
    Sell with ease on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $1,078,400
    2% more+$21,568
    With Zillow Showcase(estimated)$1,099,968