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500 W Glenwood Avenue
Wildwood, NJ 08260
Turn Key Investment Property. Bay views with very safe and stable island community in exclusive West Wildwood. Three Unit (Triplex) Residential Building in Town Commercial Zone of West Wildwood just over the bridge from Wildwood. 8 bedrooms, 4 bathrooms, 3 kitchens, 3 living rooms, 2 dining rooms. Flooring <3 years old, ceiling fans, washer/dryer in every unit, hot water heaters (new, 3 and 4 years old), new front siding, new windows in majority of home. Excellent long term year round tenants with the following number of years rented: Unit A - 6 years, Unit B - 3 years, Unit C - 13 years. All planning to sign multiyear lease extensions. Home has been meticulously maintained and major renovation of entire 2nd floor Unit B in 2019, minor renovations of other units 2019-2022, Flat roof replacement in 2021 and several other improvements since taking ownership in 2019. A home inspection was conducted by highly reputable home inspector and majority of major, marginal and minor defects have been or will be addressed prior to closing. Net Operating Income calculations will be provided to serious buyers. Gross annual rental income is $49,500 that should grow to $53,000 at the end of 2023.
Listing courtesy of BRIGHT / Keller Williams Realty Preferred Properties
Last updated Sep 28, 2022
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MLS# NJCM2001330 —
Year Built Source:
Year Major Reno/Remodel:
Combination, Frame, Vinyl Siding
Building Units Total:
Smoke Detector, Carbon Monoxide Detector(s)
Vinyl Clad, Casement
Block, Crawl Space
Total SQFT Source:
Total Below Grade SQFT Source:
Tax Total Finished SQFT:
Attic, Carpet, Ceiling Fan(s), Dining Area, Floor Plan - Traditional, Recessed Lighting, Tub Shower, Upgraded Countertops, Walk-in Closet(s), Wood Floors
Climate models project that both the frequency and amount of precipitation are likely to increase throughout most of the US. Your storm risk rating is based on both of these dynamics: the typical number of extremely wet or snowy events and the amount of rain or snow that will fall during those storms. An extremely wet event for your area experiences an amount of precipitation over 48 hours that normally happens only 8 times during the 1981-2005 baseline period.
Drought risk is based on water supply stress, which estimates how much of the available water in a location will be used by human activity, like watering the lawn. This information is specific to each watershed, or drainage basin, and takes into account both the projected supply of water, projected demand due to population growth and water use, and features of the watershed, such as soil properties and land cover.
Heat risk estimates are based on the typical number of extremely hot days that you can expect in the future. An extremely hot day for your area has a high temperature that normally happens only on the hottest 8 days of the year, during the baseline period from 1981 to 2005.
Fire risk estimates are based on projections for the average proportion of the area surrounding your home that will burn annually. Baseline estimates for burned area are drawn from the Monitoring Trends in Burn Severity project and MC2 simulation data, and supplemented with Cal-Adapt modeled historical area burned since 1960.
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Aug 8, 2022
Listed / Active
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