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836 Wesley Ave

Ocean City NJ 08226

2
0.11 ac.
Multi-Family
Currently for sale - view listing

Overview

836-838 Wesley Ave - Beautiful downtown turnkey rental machine. 2022 has OVER $217K booked so far- AND OVER $236k booked for 2021. Each house consists of 5 bedrooms 3 Bath and a bonus room that has been turned into a bunk room. With a total of 10 BR's (12 with bonus rooms) and 6 bathrooms.Newer construction- built in 2017. This house can sleep 34 people and is an absolute money maker with the summers completely booked and the shoulder season providing an excellent rental property for family reunions and multiple families wanting to vacation together. There is an interior staircase that connects the two houses. The rental income for 2022 is OVER $217K booked so far (as of 4/26/22) and there's plenty availability for the shoulder season still to book. This is an awesome investment property! Keep one house for yourself and rent the other and let the rental income pay for your beach house. This property sits the 2nd house in from the corner of 9th & Wesley. 838 has a private elevator.Hurry, with this kind of rental income, who wouldn't want this investment in their portfolio. Income/ Expense sheet attached in docs.

Features

2 carspaces
0.11 ac. lot size
Multi-Family

Property history for 836 Wesley Ave

2017
Sold
$722,750
06 Nov 2017 by Bob Gullo, of JESSE REAL ESTATE

Happy sellers in Ocean City

97%
97% of sellers in Ocean City reported that their sale price either exceeded or met their price expectations.

Ocean City stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in Ocean City over the last 12 months.

Local market activity for multi families in Ocean City

In the last 12 months, 2 multi families similar to 836 Wesley Ave, have been sold.

This represents a 75% increase in multi families sales when compared to the previous 12 months.

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