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Coldwell Banker

James C. Otton Real Estate, Inc.


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MLS (capemay) #168278 - $555,000.00
5701-03 New Jersey Ave
Wildwood Crest, NJ 08260
Four-Plex

Unique corner property consisting of 4 unit apartment building and separate commercial building. Commercial building locally known as the "Building with the BIG PINK PAIL" is approximately 1950 sq ft. Suitable uses for the commercial building are professional office, retail and food service. The apartment building contains approximately 2298 sq ft plus lower and upper balconies, storage room and attached one car garage. There are 3 one bedroom apartments (approx 459 sq ft each) and 1 two bedroom apartment approx (690 sq ft). Great rental history! Both buildings are masonry and were completely renovated between 2005-2009. Between 2011 and 2015 owner has replaced carpeting and stoves/ranges in all apartments. All apartments have modern glass top stove/ranges. Refrigerators in apts 2, 3 and 4 are within 5yrs old. Toilet, sink and vanity in apt 3 were replaced in 2014. They are well maintained apartments with problem free tenants who are consistent with rent payments. Custom features in commercial building include counter and desk. This building must be see to be appreciated. Owner has relied on surveys and floor plans prepared by others to approximate square footages. Potential buyers are encouraged to verify square footage.


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5701-03 New Jersey Ave, Wildwood Crest - Four-Plex - Unique corner property consisting of 4 unit apartment building and separate commercial building.  Commercial building locally known as the Building with the BIG PINK PAIL is approximately 1950 sq ft.  Suitable uses for the commercial building are professional office, retail and food service.  The apartment building contains approximately 2298 sq ft plus lower and upper balconies, storage room and attached one car garage.  There are 3 one bedroom apartments (approx 459 sq ft each) and 1 two bedroom apartment approx (690 sq ft).  Great rental history!  Both buildings are masonry and were completely renovated between 2005-2009.  Between 2011 and 2015 owner has replaced carpeting and stoves/ranges in all apartments.  All apartments have modern glass top stove/ranges.  Refrigerators in apts 2, 3 and 4 are within 5yrs old.  Toilet, sink and vanity in apt 3 were replaced in 2014.  They are well maintained apartments with problem free tenants who are consistent with rent payments.  Custom features in commercial building include counter and desk.  This building must be see to be appreciated.  Owner has relied on surveys and floor plans prepared by others to approximate square footages.  Potential buyers are encouraged to verify square footage.
 
 
 


Listing courtesy of:
RIXEY REAL ESTATE AGENCY, LLC.


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Coldwell Banker James C Otton Real Estate