419 W Spruce Avenue

419 W Spruce Avenue

419 W Spruce Avenue, North Wildwood, NJ 08260-3029

You are going to love this property for sale!!! This is your opportunity to own the perfect 7-unit multi-family investment property near the beach with 7 deeded parking spaces, one for each unit! Maybe enjoy vacationing in one unit while generating an income from the other 6 units or just keep them all as income producing machines! So nicely decorated, a turn key operation and a must see! 5 units in the front and 2 units in the rear. The owner's use includes 4 year round tenants and 3 seasonal vacation rentals. Located in beautiful North Wildwood and so close to everything you need, the beach, the jetty, the sunrises and sunsets, some of the best restaurants and most fun bars, the Wawa, the Dairy Queen and the list goes on! 1 & 2 units share the same meter, 3, 4 & 5 units share the same meter, 6 has its own meter and 7 has its own meter. In addition to the $51,000. rental income in 2019, there is still more money to be made if renting off season because all 7 units have heat all throughout the year! Unit #1 2 Bed & 2 Bath Unit #2 Efficiency & 1 Bath Unit #3 1 Bed & 1 Bath Unit #4 Efficiency & 1 Bath Unit #5 1 Bed & 1 Bath Unit #6 2 Bed & 1 Bath Unit #7 2 Bed & 1 Bath This is an opportunity of a lifetime for this great price!

3,058 Sq.Ft. LIVING AREA

Truda Carney

Truda Carney

Features & Amenities

Area & Lot

  • Status Sold
  • Living Area3,058 Sq.Ft.
  • MLS® ID190759
  • TypeCondo


  • water SourcePublic
  • parkingAssigned Parking
  • HEAT TYPERadiator
  • AIR CONDITIONINGWall Air Conditioning
  • sewerPublic


  • Sales Price$510,000
  • Real Estate Tax $5,447/yr

Work With Truda

Truda Carney is a real estate agent in Florida who matches buyers with sellers using her extensive database from the Main Line PA areas and the Cape May beach areas of New Jersey! She provides value by knowing the market and guiding her clients every step of the way! Contact her now!

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