For Sale: 4207-4209 New Jersey, Wildwood, NJ 08260 | MLS# 211798

For Sale: 4207-4209 New Jersey, Wildwood, NJ 08260 | MLS# 211798

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Undeniably one of the best YEAR-ROUND cash flow…

$849,900.00
0 Beds
0 Baths

For Sale: 4207-4209 New Jersey, Wildwood, NJ 08260 | MLS# 211798

Undeniably one of the best YEAR-ROUND cash flow opportunities on the market with this mixed use 6-unit complex!  Ideal location just 3 blocks to the beach and boardwalk. Property consists of: (2) 1-bedroom units, (1) 2-bedroom unit, (1) 3-bedroom unit, (1) 2-bedroom 2 bath detached single family home and 1 large retail store at approx. 3000 s.f.  All 5 rental units are currently occupied on a year-round basis generating a whopping $5850 in monthly gross rents. In addition, the seller who owns and operates the long-time established retail furniture/carpet business portion, is willing to lease back the retail space for 3-5 years at $1500 month and credit the new buyer 3 years advanced rent in the amount of $54k at closing making the total rental income from the 5 units and the retail store a grand total of $7350 month or $88,000 a year! All units separately metered keeping expenses at a minimum. Ideal 1031 Exchange candidate. Furniture and carpet business name, goodwill and inventory excluded from the sale. Minimum 48 hours’ notice for showings.

Map

Listing information courtesy of Rio Realty.

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Amenities

  • Price: 849,900
  • MLS Number: 211798
  • Interior Features: Restroom
  • Water: City
  • Sewer: City
  • Location: Business District
  • Taxes: 9931.48
  • Block Number: 117