If you are looking for a well maintained, versatile, money making property you have just found it. This property located just a short distance to the boardwalk and beach has three units which includes a two story main home, a rear lower level apartment, and a separate rear cottage. The owner currently resides in the main unit which consists of a lower level covered front porch, a second floor deck, a formal entrance foyer, Large living room, dining area, modern kitchen, a master bedroom, two additional guest bedrooms, plus a bonus guest bedroom or use as an enclosed rear porch. Central air, gas heat, furnished, full appliance package, with everything in impeccable condition. This main home would get about $2200 a week to rent or about $2000 to $2500 a month to rent all year round. The second unit is a rear apartment on the first level with a covered porch, large living room, large kitchen, two bedrooms, and a full bath. The cottage in the rear has a full modern kitchen, Living room, dining area, a full bedroom, full bath and laundry area. All the units are have been remodeled, are in excellent condition, and both the rear unit and cottage are rented year round at $1000 per month each plus utilities. The home has a large driveway that will allow 4 cars, has a large patio area in the rear with outside tables, chairs, and grilling area. Imagine living in the main unit, or using during the summer, and continuing to rent the other two. The income of $24,000 would cover just about your entire mortgage if not all. Or, rent all three and have this be a money maker for you. Or, Use the units for a large or extended family. This is a turn key opportunity with the property coming fully furnished and in excellent condition. Imagine owning a piece of the shore close to the beach, boardwalk, shopping, and with so many options. All this for under $400,000. You will find this to be one of the most attractive multi-family properties around, and not one that requires work and updating. Additional costs would include your utilities (water/sewer, gas, electric, and cable) plus your insurances flood and fire/liability. The current tenants pay $1000 each plus utilities. This is for the first floor apartment and cottage. The main home utilities are about $4000 a year and total insurances for all units to include flood, fire and liability are about $7200. Call to see this fabulous opportunity.
125 E Taylor Ave in 08260 was last listed for $379,000. As of today, , this is 62% above the current median price of $234,500 for the city of Wildwood, NJ and 62% above the median of $234,500 for ZIP code 08260. Right now, there are 195 properties for sale in 08260 and 195 properties listed for sale in Wildwood. Those 195 properties are made up of 62 single family homes and 133 condos. The square footage of 125 E Taylor Ave is approximately —, which is 100% below the median size of 1,394 Sqft in Wildwood and 100% below the median size of 1,394 Sqft in ZIP code 08260. This property's price per square foot was —, which is 100% below the current $190 median in 08260 and 100% below the $190 Wildwood median.