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4401 Park Boulevard

Wildwood, NJ 08260
  • $949,500
  • STATUS: Active
  • ON SITE: 119 Days
  • MLS #: 240772
UPDATED: 114 min ago
$949,500
  • 0
    BEDS
  • 6001 to 10000 SqFt
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Area:

School Ratings & Info

Description

Investor alert! This incredible income-producing property has so much to offer. Located on the corner of Park Blvd and Montgomery Ave in Wildwood, 4401-4403 Park Blvd boasts two commercial spaces, a warehouse, three rental units, a two-car garage, and off-street parking for 3+ vehicles. The largest of the two commercial spaces is currently occupied by a well-respected and long-standing local business. This professional office space with an attached warehouse has an ideal layout with an entryway off of Park Blvd, two separate office spaces, kitchenette, bathroom with steam shower, laundry, radiant heat, and air conditioning. The warehouse is accessible from inside this space and from the rear of the property. The second commercial space has a large open floor plan and a separate area in the back with a full bathroom, storage, and hookups for a full kitchen. This space has two entrances, one on Park and one on Montgomery, as well as heating and air conditioning. This space is a blank canvas with limitless potential! There are three rental units on the property with long-term tenants. Two of the rental units, one 2-bedroom and one 3-bedroom, are on the property's second floor. Both of these units are accessed through separate entrances at the rear of the property and each unit is equipped with a full kitchen, bathroom, and laundry. The third rental unit is located on the first floor, at the rear of the property, with a separate entrance on Montgomery Avenue. This unit is a 1-bedroom apartment with a full kitchen, bathroom, laundry, mini-split air conditioning, and radiant floor heat. Additionally, the two-car, two-door detached garage at the rear of the building is another rental unit opportunity on the property for additional income. This propertys location is in an exceptionally accessible area of the island, with quick access to the bridge and a walk score of 84 to all the local amenities. Take advantage of this rare opportunity to own an income-producing mixed-use property in an area that is continuing to develop and grow in value. With 4 of the 6 rental units on the property occupied, you could begin bringing in passive income right away. If youre looking to build your portfolio, look no further!

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Listing information © 2024 Cape May County Association of REALTORS® Multiple Listing Service. Information is deemed reliable but is not guaranteed accurate by the MLS or The Dwyer Group | Goldcoast Sotheby's International Realty. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-07-13T07:49:32.08.
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4401 Park Boulevard Wildwood, NJ 08260

  • Price: $949,500
  • Status: Active
  • On Site: 119 Days
  • Updated: 114 min ago
  • MLS #: 240772
0
Beds
0
Baths
0
½ Baths
6001 to 10000 SqFt
Acres
Neighborhood:
14-Wildwood City
Area:
Wildwood
Property Description
Investor alert! This incredible income-producing property has so much to offer. Located on the corner of Park Blvd and Montgomery Ave in Wildwood, 4401-4403 Park Blvd boasts two commercial spaces, a warehouse, three rental units, a two-car garage, and off-street parking for 3+ vehicles. The largest of the two commercial spaces is currently occupied by a well-respected and long-standing local business. This professional office space with an attached warehouse has an ideal layout with an entryway off of Park Blvd, two separate office spaces, kitchenette, bathroom with steam shower, laundry, radiant heat, and air conditioning. The warehouse is accessible from inside this space and from the rear of the property. The second commercial space has a large open floor plan and a separate area in the back with a full bathroom, storage, and hookups for a full kitchen. This space has two entrances, one on Park and one on Montgomery, as well as heating and air conditioning. This space is a blank canvas with limitless potential! There are three rental units on the property with long-term tenants. Two of the rental units, one 2-bedroom and one 3-bedroom, are on the property's second floor. Both of these units are accessed through separate entrances at the rear of the property and each unit is equipped with a full kitchen, bathroom, and laundry. The third rental unit is located on the first floor, at the rear of the property, with a separate entrance on Montgomery Avenue. This unit is a 1-bedroom apartment with a full kitchen, bathroom, laundry, mini-split air conditioning, and radiant floor heat. Additionally, the two-car, two-door detached garage at the rear of the building is another rental unit opportunity on the property for additional income. This propertys location is in an exceptionally accessible area of the island, with quick access to the bridge and a walk score of 84 to all the local amenities. Take advantage of this rare opportunity to own an income-producing mixed-use property in an area that is continuing to develop and grow in value. With 4 of the 6 rental units on the property occupied, you could begin bringing in passive income right away. If youre looking to build your portfolio, look no further!
Exterior Features

Location CornerIslandWater View Lot Size 6500 Sq/ft Outside Features DeckStorage BuildingCable TV Parking GarageAttachedDetachedConcrete Driveway

Interior Features

Basement Slab Cooling Other Heating Radiant Hot Water Gas Other Rooms Living RoomKitchenLaundry/Utility RoomStorage SpaceOther Unit1 Baths 1 Unit1 Lavs 1 Unit1 Rooms 5 Unit2 Lavs 1 Unit2 Rooms 4 Unit3 Baths 1 Unit3 Bedrooms 1 Unit3 Rooms 4 Unit4 Baths 2 Unit4 Bedrooms 3 Unit4 Rooms 7 Unit5 Baths 1 Unit5 Bedrooms 2 Unit5 Rooms 7

Property Features

Available Lease InformationSurveyUtility Information Bank Owned No Bay Proximity 1 Block Beach Proximity 4 Blocks Financing Conventional Multifamily Type Mixed Use Near Otton's Harbor New Construction No Separate Meter ElectricGas Sewer City Subject To Third Party Approval No Suitable For Multi Family+Rooms Tax Year 2022 Taxes 10053.6 Unit1 Number 4403 Unit1 Rent 2000 Unit2 Number 4401 Unit2 Rent 5250 Unit3 Number 1 Unit3 Rent 800 Unit4 Number 2 Unit4 Rent 950 Unit5 Number 3 Unit5 Rent 900 Water City

© 2024 Cape May County Association of REALTORS® MLS. All Rights Reserved.
Listing provided courtesy of KELLER WILLIAMS REALTY JERSEY SHORE - AV: 609-961-6700.


Listing information © 2024 Cape May County Association of REALTORS® Multiple Listing Service. Information is deemed reliable but is not guaranteed accurate by the MLS or The Dwyer Group | Goldcoast Sotheby's International Realty. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-07-13T07:49:32.08.
 
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