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Coastal Marketing Group - RE/MAX Surfside - Cape May New Jersey

4019 Pacific Avenue, Wildwood

SOLD | $475,000 | 04/11/22

Description

WILDWOOD - MULTI UNIT MIXED UNIT INCOME PRODUCING PROPERTY !! This Unique 4 Unit Building Features a Large Double Wide Commercial Space that Fronts Pacific Ave (may be able to be separated into 2 stores ), 2nd Floor Consists of a Two --- 4 BEDROOM UNITS --- UNIT 1 is a very large 4 bedroom 1 bath unit. Off the entry is a area that was once used as a laundry room, it is currently closed off since laundry was not supplied in the rentals. Enter to a large open kitchen/eat in kitchen with 4 large double hung windows that offer tons of natural light ! New ceramic tile floors in both kitchen areas. Large living room also with 4 large double hung windows and tons of natural light, L/R has hardwood flooring. Just past the living room is a very large bedroom, with 6 large D/H windows and hardwood flooring. Off of the eat in kitchen is a hallway which leads to the other 3 bedrooms and full c/t bath with original subway tile and a original porcelain bathtub. All bedrooms are a nice size and all have hardwood floors. 1 bedroom is carpeted but has h/w floors under carpet. Also hall is carpeted with hardwood under. Unit is pretty original but very durable and useable as student rentals. There is a nice size deck area outside the entrance to the unit, with patio furniture for relaxing and enjoying the great breeze that comes off the ocean. Unit 1 and 2 each have their own relaxation area. UNIT 2 - 2ND. FL. Is a very large 4 bedroom 1 bath unit. Walk into a very large open kitchen with original retro metal cabinets. Has a breakfast peninsula counter with barstool seating and a 4 person kitchen table. Tons of cabinet space. Going up the hall are 3 bedrooms and a bath on the right side of the hallway and a very large bedroom off to the left on the hall. At the end of the hall is a small living/ tv room. Also a room before the living room with a desk for students to use for study/school work. 3 of the bedrooms are very large and 1 is a normal sized room for a full or queen bed. There is a nice size deck area outside the entrance to the unit, with patio furniture for relaxing and enjoying the great breeze that comes off the ocean. Unit 1 and 2 each have their own relaxation area. UNIT 3, 1ST FL. Is a cozy 3 bedroom 1 bath unit. It has a open porch with seating for 4 or 5. Enter into a nice size living room and kitchen combo with h/w floors in each room. There is a peninsula with barstool seating for 5. Off the living room are 2 bedroom and a bath. Bedroom 1 has h/w floors, Bedroom 2 is carpeted. Both are for 2 persons. Bath has a 4' shower base with newer C/T and newer plumbing fixtures. C/T floor in bath. Past the kitchen is a 3rd bedroom, this room is the biggest of the 3. Also has h/w floors. All units have separate electric meters and panels. There are existing cast iron radiators through the building, in each unit and almost every room, including the store front, but there is currently no heating in the building. 1ST FLOOR DOUBLE STORE FRONT --- Store was once 2 separate store fronts but was divided at some point prior to the current owners, ownership. It is roughly 39' deep x 50' wide. Pretty much open except for a couple support beams. Electric panels are in the storefront. Also 1 sub panel in store and a sub panel in Unit 1. There is a large side door on the North side that was sealed up about 2 years ago but could easily be reopened if needed. Rear Attached Garage is approximately 10'x50. Has electric and some lighting. There is a new roof over the garage. There is a rear steel door which exits to the back yard and also a rear exit to the side lot next door. The rear exit to the lot is currently closed off with no door. This building has been rented each season for the past 20 years to students for prom and senior weeks, and after prom season to seasonal j1 international exchange students. Also for Bike weekend, Irish weekend, car show weekend, fireman's weekend etc.

Features

  • Living Room

  • Kitchen

  • Dining Area

  • Heat Fuel:Electric

  • Water Heater:Electric

  • Garage

  • Attached

  • Cooling:Electric

  • Public

Location

 

Let the COASTAL MARKETING GROUP be your buyer for this listing. LISTING IS PROVIDED BY COASTAL ELITE REALTY. 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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