4701 Arctic Avenue, Wildwood NJ |CMCMLS| Cape May County Association of Realtors

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4701 Arctic Avenue, Wildwood, NJ - Active

For Sale: $1,250,000

Beds: 0 Baths: 0

Type: Apartment

Lot: 10,001 DOM: 1 Days

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PROPERTY DESCRIPTION

The fabulous corner property boasts a 100 x 103 lot. There are 2 buildings with a total of 9 apartments. The house in front is a Triplex and the rear building has 6 apartments. There are (3) 1-Bedroom units , (5) 2-Bedroom units and (1) 3-Bedroom unit. Fully rented, all Annual leases, all Rents are current, with a CAP rate of 6.2%. The current rents are below market value leaving room for a higher rent roll. Located 4 blocks to the beautiful Wildwood Beach, Boardwalk and Convention Center. Don't miss this one, it's a great catch!

PROPERTY FEATURES

Patio
Porch
Fenced Yard
Living Room
Dining Room
Kitchen
Heating:Gas Natural
Heating:Electric
Heater:Electric
Cooling:Wall Air Conditioning

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ADDITIONAL PROPERTY PICTURES

Listing is provided by NEW ERA REAL ESTATE, Doreen "Dee" Kraemer, 609-822-3300. The data relating to real estate for sale on this web page appears in part through the Cape May County MLS program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which we participate, and is provided by Cape May County MLS through a licensing agreement. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to change, withdrawal, or prior sale.

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