124 E Spencer Avenue Unit 3

Wildwood, NJ, 08260

$385,777

$304 per ft²
$385,777
$304 per ft²
Active
Active
 - For Sale
beds
4 Beds
baths
2 Baths
carpenters-square
1,269 ft²
property_type
Townhouse
Another incredible four bed two bath condo just blocks from the Wildwood Boardwalk and beaches!! This unit has been cashflow positive from day one for the current owners and they did the heavy lifting with the majority of the renovations! This and the sister unit four that recently sold, have been producing upwards of $50,000 of annual gross rental income. It is also perfect for a secondary shore home and or primary residence as it is a year round small association, of four units total. The homeowners association has an adequate budget in place for 2022 and beyond and is available as requested pending any offers submitted. The location is amazing with direct proximity and access the staples like Mack's Pizza, The heart of the famous Wildwood Boardwalk and of course Morey's Piers and those beautiful wide white sandy beaches! Within walking distance to the annual Barefoot country music festival and Wildwood convention center which is excellent for rental income potential in the off season and shoulder periods. This beach house has been upgraded and updated throughout and has beautiful subway tile in the kitchens, stainless steel appliances, granite countertops and of course updated bathrooms to support the remainder of the home. Don't let this one pass you by. This is one of the best value purchases on the market under $400,000 on the market currently!
MLS® ID:
222462
Listed:
8/3/22
Updated:
10/1/22
Tim Kerr Sotheby's International Realty
Ryan Vince

Interior Features

Kitchen Appliances
Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Smoke/Fire Detector
Total Bedrooms
4
Full Bathrooms
2
Cooling
Central Air
Heating
Gas Natural, Forced Air

Exterior/Building Features

Architectural Style
Two
Sewer
City

Other Property Details

Area Name
Wildwood
Taxes
$4352.9
Tax Frequency
per YEAR
HOA Fee
$386.66
HOA Amenities
Fenced Yard
Garage
Yes
Parking
2 Car, Concrete Driveway
View
N
County
Cape May County
Water Source
City
Pool
No
Total Stories
2

Property History

Date
Event
Price
Value
9/4/22
Price Change
$385,777
-3%

 

Courtesy of LONG & FOSTER REAL ESTATE, INC av, Martin Underwood

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Ryan Vince shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2022 Cape May County Association of REALTORS, Inc. All rights reserved.

Data last updated 6:51 PM UTC 10/1/22

Tim Kerr Sotheby's International Realty
Ryan Vince
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