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Archived almost 2 years ago

$800,000

rooms 4+ ba

302 Atlantic Ave, N Wildwood, NJ 08260

Multiple Occupied

Current Rent **

$5,000

Projected Rent **

$7,000

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Multifamily Condo-ized 5 Units

House has 8 units. ONLY 5 UNITS on lot for sale for $800,000 total for all 5. If sold separately, it would be $950,000 minimum. Unit #1 is a separate 2bd/1bth cottage in rear. Units 5,6,7, and 8 are all 1bd/1bth. All ARE condos. Can be rented year round or seasonal. 1 week minimum. Quoted rents are for year round prices. All are occupied with month to month year round leases and one summer rental till Memorial Day. Please do not bother tenants. By appointment only. email [email protected] or call 321-251-7527. LOOK FOR MORE PIXS ON MLS.

Location:

302 Atlantic Ave, N Wildwood, NJ 08260

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.