819 Stockton Avenue $940,000

Welcome to the Sea Shore S. Cape in Cape May. This property consists 4 apartments located a short block to the beach. With ocean views from many of the front rooms, this is your escape from the hustle and bustle of life for a more relaxed one by the beach. Enjoy the ocean breezes from the large wrap around front porches or tuck yourself away on one of the rear decks for some peace and quiet. All of the units have kitchens and all have a private rear deck. This property is well maintained by the current owners who do upgrades every year throughout the buildings. 819 Unit 1A is an adorable (1 Bedroom, 1 Bathroom) apartment located on the first floor at the front of the property that uses the side part of the porch for outside enjoyment. 819 1B is a (2 Bedroom, 1 Bathroom) unit at the back of the first floor and offers a rear deck. 819 Unit 2 is the entire second floor and offers (2 Bedrooms, 2 Bathrooms) and a rear deck. 819 Unit 3 is the entire third floor and offers (2 Bedrooms, 1.5 Bathrooms) and a rear deck. This property also has a shared interior with access to the units or each unit can access by the exterior back stairs. 2020 Rental Income is $78,460. The homeowner has not adjusted pricing in a few years so we’re looking at an even better 2021! This is a fabulous opportunity for someone looking for their own piece of Cape May with a nice dose of rental income. Showings are by appointment only as this property rents weekly and nightly as vacation rentals. Additional information available such as; property disclosures, income/expenses and elevation certificates.

This listing is provided courtesy of COASTLINE REALTY, LLC