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.
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
Owner options
What's special
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#: 231783
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