215 East 24th Avenue

North Wildwood, NJ 08260

$1,500,000
Price
—
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
a front view of a residential apartment building with a yard
a living room with furniture and a flat screen tv
a bedroom with a large bed and a potted plant
a bathroom with a toilet sink and mirror
an empty room with a window
a kitchen with white cabinets and white appliances
a bedroom with a bed and a flat screen tv
an empty room with windows
a bathroom with a sink a mirror and a shower
a white toilet sitting next to a bathroom sink
a view of an empty room with windows
a kitchen with granite countertop wooden cabinets and white appliances
a living room with furniture and a large window
a bathroom with a toilet and a bathtub
a view of a hallway with washer and dryer
a view of terrace with city view
a view of a house with entryway and a road
a kitchen with stainless steel appliances a stove top oven and a refrigerator
a bedroom with a bed and window
a bathroom with a sink and a mirror
a bathroom with a sink toilet and mirror
a living room with hard wood floors and a window
a living room with stainless steel appliances kitchen island granite countertop wooden floors and a fireplace
a kitchen with wooden floors and white appliances
a bathroom with a shower
a bathroom with a toilet sink and mirror
an empty room with wooden floor and windows
wooden floor in an empty room
a bedroom with a bed and wooden floor
wooden floor in an empty room with a window
a bedroom with a bed and a flat screen tv
wooden floor in an empty room
a living room with hard wood floors and a kitchen
a living room with furniture and a window
a room with white cabinets and white appliances
a bedroom with a bed and a tv
a bathroom with a sink toilet and shower
a front view of a house with a yard

Description

Extraordinary investment opportunity! Imagine the rental income you could generate OR sell individually as condos, this is a "ready to go" condo conversion with background work completed! This charming coastal inspired six-unit multifamily property is situated approximately 2.5 blocks from the beach and boardwalk in an amazing location. Enjoy amusements and water parks, fantastic restaurants, recreational parks and so much more, all within close proximity. All units in this building have full heat...Extraordinary investment opportunity! Imagine the rental income you could generate OR sell individually as condos, this is a "ready to go" condo conversion with background work completed! This charming coastal inspired six-unit multifamily property is situated approximately 2.5 blocks from the beach and boardwalk in an amazing location. Enjoy amusements and water parks, fantastic restaurants, recreational parks and so much more, all within close proximity. All units in this building have full heat and air conditioning, offering options for renting for short term summer rentals, longer seasonal / shoulder season rentals or year-round. You could even reserve a unit for personal use and still produce a strong income. The wrap around porch on the second level is the perfect spot to line up the rocking chairs and enjoy the sounds and sights of people enjoying life at the beach. Both units 3 and 4 are accessed from this porch. Unit 3 (on the 2nd level) is a beautiful 2 bedroom, 1 bath with stunning hardwood flooring throughout, a large living room, dining area, kitchen with plenty of cabinets and tile flooring with walk in pantry, and a bath with large tile shower and unique dresser style dual sink vanity and washer/dryer hookups, and a deck off the kitchen. Unit 4 (up the stairs on the 3rd level) is a 2 bedroom, 1 bath with original stainless window features, original doors with glass knobs - it's very charming. This unit has new carpeting throughout, a private washer and dryer, kitchen and living room. The front deck dedicated to this unit has massive and expands the living space. The top floor is unit 5, and that is the largest of the units with 3 bedrooms and 1 bath, with a beautiful open layout. Units 1 and 2 are on the ground level. Unit 1 is a two bedroom, two bath with living room and kitchen, and its own small deck. Unit 2 is a one bedroom, one bath with a sitting room with patio, kitchen, bath with tub, and a private washer and dryer. Unit 6 is the free standing cottage, which is a 1 bedroom, 1 bath with kitchen and sitting area, perfect for an on site owner or manager to use as their residence. The owner has made many improvements to this property - it has attractive vinyl siding for minimal maintenance, all systems and utilities are separated to each unit, all kitchens and baths have been updated - the property is ready to go for 2025! Situated on a large 64 X 100 lot, there is plenty of parking and outdoor space for all units. Income potential exceeds $125,000 easily and could push higher with a short-term rental approach, and the condominium conversion route appears to yield a nice profit when we run the numbers. Don't miss your chance to invest in a one of a kind property in North Wildwood! Note: ai generated virtually staged photos have been included showing certain rooms furnished.
  1. Listed by Jessica L. Lees • LEES REAL ESTATE

Property Details for 215 East 24th Avenue

MLS #
243205
DOM
6
Approx Year Built
1920
Class
MULTI-FAMILY
Location
Cleared Lot, Island
Sale/Rent
For Sale
Type
Apartment
LISTING UPDATED: 10/29/2024 11:36 AM

Property Details for 215 East 24th Avenue

StatusActive
MLS #243205
Days on Market27
Taxes$8,721 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTI-FAMILY / Apartment
Year Built1920
Lot Size0.15 AC / 6,400 SF
CountyCape May County

Building Information for 215 East 24th Avenue

Stories-Residences-Year Built1920Building Size-Lot Size0.15 AC / 6,400 SF

Property Information for 215 East 24th Avenue

Summary
Location and General Information
  • Area: North Wildwood
  • Suitable For: Bed and Breakfast,Condo Conversion,Multi Family+Rooms
  • Address Number: 215
  • Near: Beach, Boardwalk
  • Address Search Number: 215.0
  • Address Direction: E
  • Address Street: 24th
  • City: North Wildwood
  • Street Designation: Avenue
  • Beach Proximity: 2 Blocks
  • Address: 215 E 24th Avenue
  • Status: ACTIVE
  • Zoned: R-1
  • State: NJ
  • Zip: 08260
  • Status Detail: 0
Taxes and HOA Information
  • Taxes: $8,720.58
  • Tax Year: 2023
Parking
  • Parking: Concrete Driveway
Property
Lot Information
  • Lot Size: 64x100
  • New Construction Y/N: No
  • Possession: Immediately
  • Lot Number: 13
  • Block Number: 228
Property and Assessments
  • May B Sub to 3rd pty Appr: No
Utilities
  • Heating: Gas Natural, Forced Air
  • Cooling: Ceiling Fan, Central Air
  • Hot water: Gas
  • Water: City
  • Sewer: City
  • Separate Meter: Cooling,Electric,Gas,Heat,Hot Water
Interior and Exterior Features
Interior Features
  • Other rooms: Living Room, Dining Room, Kitchen, Den/TV Room, Dining Area, Pantry, Laundry/Utility Room, Other
  • Total # of Baths: 7
  • Unit 1 Bedrooms: 2.0
  • Unit 2 Bedrooms: 1.0
  • Unit 3 Bedrooms: 2.0
  • Unit 4 Bedrooms: 2.0
  • Unit 5 Bedrooms: 3.0
  • Unit 6 Bedrooms: 1.0
  • Unit 1 Number: 1A
  • Unit 2 Number: 1B
  • Unit 3 Number: 3
  • Unit 4 Number: 4
  • Unit 5 Number: 5
  • Unit 6 Number: 6
  • Unit 1 Rent: 0
  • Unit 2 Rent: 0
  • Unit 3 Rent: 0
  • Unit 4 Rent: 0
  • Unit 5 Rent: 0
  • Unit 6 Rent: 0
  • Total Rent: 0
  • Total # of Lavs: 0
  • Total # of Beds: 11
  • Unit 1 Baths: 2.0
  • Unit 2 Baths: 1.0
  • Unit 3 Baths: 1.0
  • Unit 4 Baths: 1.0
  • Unit 5 Baths: 1.0
  • Unit 6 Baths: 1.0
  • Unit 1 Lavs: 0.0
  • Unit 2 Lavs: 0.0
  • Unit 3 Lavs: 0.0
  • Unit 4 Lavs: 0.0
  • Unit 5 Lavs: 0.0
  • Unit 6 Lavs: 0.0
  • Unit 1 Rooms: 6.0
  • Unit 2 Rooms: 4.0
  • Unit 3 Rooms: 6.0
  • Unit 4 Rooms: 5.0
  • Unit 5 Rooms: 6.0
  • Unit 6 Rooms: 4.0
  • Number of Units: 6.0
  • Also Included: Curtains, Blinds
  • Basement: Slab
Exterior Features
  • Outside Features: Patio, Deck, Porch, Grill

Property History for 215 East 24th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 215 East 24th Avenue

Taxable ValueLand$279,600Additions$294,500Total$574,100
Tax Record2023$8,721 ($727 / month)
Home Facts
Total Finished SqFt3,372 SqFtAbove Grade Finished SqFt3,372 SqFtStories2Lot Size6,399 SqFtStyleMulti-Family Res (5+ Units)Year Built1920ZoningR1CountyCAPE MAYAPN07 00228-0000-00013

Schools near 215 East 24th Avenue

This home is within North Wildwood School District.
Rating
School
Type
Grades
Distance
Margaret Mace Elementary School
Public - PK to 8
Cape Trinity Catholic School
Private - PK to 8
Wildwood Catholic High School
Private - 9 to 12
Rating
School
Distance
Margaret Mace Elementary School
PublicPK to 8

Cape Trinity Catholic School
PrivatePK to 8

Wildwood Catholic High School
Private9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 215 East 24th Avenue, North Wildwood, NJ 08260

215 East 24th Avenue is a multi-family home for sale in North Wildwood, NJ 08260. This property was listed for sale on October 23, 2024 by LEES REAL ESTATE, it's currently listed at $1,500,000. This listing's school district is North Wildwood School District. Nearby schools include Margaret Mace Elementary School, Cape Trinity Catholic School and Wildwood Catholic High School. 215 East 24th Avenue is a 0-bed, 0-bath, multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LEES REAL ESTATE

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.