1018 Stockton Avenue
Cape May, NJ 08204
Sq. Ft.: 4,279
Type: Single Family Home
A True Cape May Beauty!! At more than 4200 square feet, this fully renovated 9 bedroom, 6 bath home is just steps from the beach and boasts ocean views from multiple rooms. This fully restored house is currently utilized as a single family home and includes 3 fully functioning kitchens and 3 dining areas that allows many options for this property. Approaching the front door you will be greeted by a large covered front porch (1 of 3 decks & porches) perfect for enjoying time with family and friends. Stepping inside on the first floor you will find 4 bedrooms & 3 baths, including 3 king BRâ??s, 2 with private baths, a bunk BR, 1 of 2 laundry facilities, a large living room with a functioning wood fireplace, 2 fully equipped kitchens both with dining areas and ocean views. The second floor offers 5 bedrooms, 3 baths, a fully equipped kitchen, dining area, sitting area w/2 sectional sofas and a covered rear deck with ocean views. There is also 3 zone gas forced hot air heat and central air conditioning, 3 hot water heaters, new plumbing, a new roof, reconstructed windows, 2 enclosed outside showers, off street parking for 4 cars on a cobblestone paver driveway and a full 2100 square foot walk out basement. This property has an excellent rental history generating $170,000+ per year in gross revenues, all documented. The 2018 peak rental rate is $11,500 and a full rental schedule is available. Rentals currently in place for the 2018 season already exceed $174,000 with the possibility for additional income. Note the current owner only rents May through October. Additional revenue can be obtained by expanding the rental opportunities. This property is a MUST SEE as it is being conveyed fully furnished with many extras and is turn key.
Area: Cape May
MLS Area: 02-Cape May City
Total Rooms: 16
Other Rooms: Living Room, Dining Room, Kitchen, Den/TV Room, 1st Floor Master Bedroom
Interior: Wood Flooring, Smoke/Fire Alarm, Storage, Fireplace- Wood, Tile Flooring
Amenities: Drapes, Curtains, Rugs, Furniture, Window Treatments
Heating: Gas Natural, Forced Air, Multi-Zoned
Cooling: Central Air Condition, Multi Zoned
Water Heater: Electric
Appliances: Range, Oven, Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Smoke/Fire Detector, Stove Electric
Basement Description: Full, Outside Entrance, Inside Entrance
Is New Construction: No
Parking Description: 4 car parking
Lot Description: Beach Block, Island, Water View
Outdoor: Deck, Enclosed/Covered Patio, Grill, Fenced Yard, Cabl
Property Type: SFR
Property SubType: Single Family
Is an REO: No
Is Short Sale: No
Tax Amount: 9, 010.61
$ per month
Year Fixed. % Interest Rate.
|Principal + Interest:||$|
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Listing Courtesy of:
JERSEY CAPE REALTY
JERSEY CAPE REALTY
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CMCAOR(Cape May) data last updated at March 18, 2018 3:35 AM ET