NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
-- Built

Sale Details

Date Sold: April 22, 2016

Last sale price $330,000

154 Days on Market

Highlights

  • Property is near a beach
  • Furnished
  • Porch
  • Island Location
  • Fenced Yard
  • Eat-In Kitchen

About This Home

As of April 2016

Multi-family gem at "Bennett Court Apartments"! This is an ideal offering for the family who want their own personal space at the seashore plus rental income to carry it, or for the savvy investor strictly looking to maximize income. This unique property offers five separate 1 bedroom, 1 bath apts. only 1.5 blocks to the popular Wildwood beach and boardwalk. The front building is currently being used as two 1 bedroom apartments with a shared sunny front porch, and each with an eat-in kitchen, living room and full bath. The front building is heated with gas forced hot air and window/wall air conditioning making them suitable for year round use, or year round rental. The rear building offers four identical 1 bedroom, 1 bath apartments with a combined living room/kitchen space, and full bath and suitable as seasonal rentals. Features include a courtyard for barbecue or entertaining needs, 6 car off-street parking, and income history of approximately $50,000. Breakdown on units rented for 2014 rental season and weekly or seasonal rates are available upon request. Property is being conveyed fully equipped and furnished as seen, and comes with established repeat tenants. This property represents a lasting investment with the potential for a variety of uses and years of good income.

Last Agent to Sell the Property

Carolanne Helverson

RE/MAX SURFSIDE - WC License #8330878 Listed on: 10/21/2015

Co-Listed By

Robert Helverson

RE/MAX At The Shore

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,224

Home Design

Interior Spaces

  • Furnished
  • Ceiling Fan
  • Blinds
  • Living Room
  • Dining Area
  • Storage Room
  • Crawl Space
  • Eat-In Kitchen

Parking

  • 3 Parking Spaces
  • Parking Pad
  • Driveway

Outdoor Features

  • Outdoor Shower
  • Property is near a beach
  • Patio
  • Outdoor Storage
  • Porch

Lot Details

  • Fenced Yard
  • Interior Lot

Location

  • Island Location

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Water Heater
  • Cable TV Available

Community Details

  • 6 Units

Listing and Financial Details

  • Legal Lot and Block 9 / 24

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,224

Listing Details

  • Class: MULTI-FAMILY
  • Type: Apartment
  • Location: Inside Lot, Island
  • District Township: 14-Wildwood City
  • Also Includes: Blinds, Rugs, Furniture
  • Beach Proximity: 1 Block
  • Available: Income Expense Info
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space
  • Other Rooms: Living Room, Kitchen, Eat In Kitchen, Dining Area, Storage Space

Exterior Features

  • Outside Features: Patio, Porch, Fenced Yard, Storage Building, Cable TV, Sidewalks, Outside Shower

Garage/Parking

  • Parking: Parking Pad, 3 Car, Concrete Driveway

Utilities

  • Separate Meter: Electric
  • Cooling: Ceiling Fan, Wall Air Conditioning
  • Heating: Gas Natural
  • Hot Water: Gas
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 9
  • Lot Size: 40 x 100
  • Total Assessment: 295100
  • Lot Size Range: 1 to 6000 SqFt

Tax Info

  • Tax Database Id: 1
  • Taxes: 7224
  • Assessor Parcel Number: 14000240000000090000

Multi Family

  • Number Of Units: 6
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/22/2016 04/22/16 Sold $330,000 -5.4% --
03/23/2016 03/23/16 Pending -- -- --
10/21/2015 10/21/15 For Sale $349,000 -- --
Source: Cape May County Association of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,603 $297,500 $145,000 $152,500
2024 $9,603 $297,500 $145,000 $152,500
2023 $9,386 $297,500 $145,000 $152,500
2022 $9,089 $297,500 $145,000 $152,500
2021 $6,360 $297,500 $145,000 $152,500
2020 $7,741 $266,000 $145,000 $121,000
2019 $7,477 $266,000 $145,000 $121,000
2018 $8,071 $297,500 $145,000 $152,500
2017 $7,750 $297,500 $145,000 $152,500
2016 $7,330 $295,100 $145,000 $150,100
2015 $7,224 $295,100 $145,000 $150,100
2014 $7,109 $295,100 $145,000 $150,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 166791

Cape May County Association of REALTORS®
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