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Sold for $894,172
  • $894,172

    6007-11 New Jersey Ave, Wildwood, NJ 08260

    3beds
    --sqft
    MultiFamily
    Built in ----
    -- sqft lot
    $1,110,800 Zestimate®
    $--/sqft
    $2,243 Estimated rent

    Home value

    $1,110,800

    $1.00M - $1.24M

    $2,243/mo

    Zestimate® history
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    $2,243/mo

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    $5,705/mo

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    $5,705/mo

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    What's special

    New jersey ave
    Welcome to 6007-11 New Jersey Ave, a remarkable mixed-use dwelling offering a lucrative investment opportunity in the heart of Wildwood Crest. Situated on a massive 120x90 lot, this property comprises three thriving (and occupied) first floor commercial units and two second-floor residential units (One 1BR and one 2BR), boasting a substantial gross rental income of 88k+ annually. With its incredible income potential and vast development possibilities, this is an opportunity not to be missed. As you make your way to the second floor, you'll find two residential units that provide comfortable and convenient living spaces. These units feature functional layouts that have never had issue renting. The enormous lot size presents significant development opportunities for the future. Whether you envision expanding the existing structure, adding additional units, or exploring alternative uses, the possibilities for growth and increased revenue are immense. The property's strategic location and the area's demand for commercial and residential spaces make it an exceptional long-term investment. Investors, entrepreneurs, and developers, seize this remarkable opportunity to acquire a mixed-use property with substantial rental income and significant development potential. Whether you choose to enhance the existing structure or explore future expansion, 6007-11 New Jersey Ave offers an incredible canvas to create an impressive real estate portfolio. Don't miss out on this exceptional investment opportunity. Schedule your private viewing today and unlock the endless possibilities that await at 6007-11 New Jersey Ave, Wildwood Crest.

    Zillow last checked:

    Listing updated:

    Listed by:

    Zachery Feinstein,

    COMPASS RE - Ocean City

    Bought with:

    Daniel Sakers, 1432418

    Coldwell Banker James C Otton Real Estate

    Source: CMCAOR,MLS#: 231783MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 5
    • Full bathrooms: 2
    • Partial bathrooms: 3
    Rooms
    • Room types: Other
    Heating
    • Natural Gas, Electric, Baseboard, Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Electric Water Heater
    • Laundry: Laundry Room
    Features
    • Storage
    • Has basement: No

    Property

    Parking
    • Parking features: Asphalt
    • Has uncovered spaces: Yes
    Features
    • Exterior features: Sidewalks, Other
    Lot
    • Size: 0.27 Acres
    • Dimensions: 130 x 90
    • Features: Corner Lot, Island

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Foundation: Slab
    Condition
    • New construction: No

    Utilities & green energy

    • Sewer: City
    • Water: City

    Community & HOA

    Location
    • Region: Wildwood

    Financial & listing details

    • Annual tax amount: $11,540
    • Date on market: 7/8/2023
    • Inclusions: Shades, Blinds
    • Total actual rent: 90600

    Price history

    DateEventPrice
    9/20/2023Sold$894,172-10.6%
    Source: CMCAOR #231783 Report a problem
    9/8/2023Contingent$999,999
    Source: CMCAOR #231783 Report a problem
    7/8/2023Listed for sale$999,999
    Source: CMCAOR #231783 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 08260

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,110,800
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,110,800