MLS (capemay) #168437 - - $524,900.00

501 W Cresse

Wildwood, NJ 08260

Single Family - 3 Bedrooms / 2 Baths

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501 W Cresse, Wildwood - Single Family - A ONE OF A KIND WATERFRONT OPPORTUNITY ... This highly desirable corner property offers 45' of waterfront frontage and 105' of street frontage, with 7 boat slips*, bordering directly to highly desirable Wildwood Crest. This charming, older home was originally built in the late 40s, according to municipal records. Many possibilities exist .... knock down the existing structure to make way for your waterfront dream home, or update the current home and start enjoying waterfront living. The home welcomes you with an enclosed sun/florida room - line up your rocking chairs and enjoy the water views. If you want to go inside and sit by the cozy gas fireplace, you can still enjoy the water views through the double slider and many widows that allow plenty of natural light to shine through. The living room transitions into a dining room and a spacious kitchen, equipped with stove, refrigerator, dishwasher and microwave. This level also offers 2 bedrooms, a full bath with tub and a storage closet. The second floor guest area has its own separate entrance, and includes a kitchen with dining area, living room/den/TV area with sliders leading to a sun deck, that affords maximum water views, one bedroom and a full bath. The property has gas fireplace on the first floor and gas wall space heaters used for heating. There is window air-conditioning and ceiling fans for cooling comfort in the summer. The home exudes charm and character throughout, but is in need of updating and will be conveyed strictly in as is/where is condition. On the east side of the property, you will find detached garage and storage. There are total of 7 slips*, two of which can accommodate a 30'+ boats and rent for $1600/season each, and the 5 side slips can accommodate boats up to 20' and rent for $1300/season each. There are some leases already in place for 2016 summer season. The total rental income from the home itself is $12,000 per season, however owner pays utilities. Any buyer must honor the leases in place for the 2016 season for the home and boat slips. The property will be sold fully furnished, less personals. The possibilities for this property are many, do not wait - this property has been priced to sell. Take advantage of this extraordinary WATERFRONT opportunity and make your appointment today! NOTE: The square footage and year built was quoted from the tax records and should be verified by the buyer prior to purchase. The seller was successful in appealing the assessment which was reduced from $600,500 to $450,000, accordingly the taxes for 2016 are lower than what is shown in tax tools. See associated docs for elevation certificate and riparian grant info. On file with listing broker are copies of work invoices for roof work, bulkhead and dock work, current flood insurance policy, etc. Please call for info. See Addendum for important information concerning boat slips.

A ONE OF A KIND WATERFRONT OPPORTUNITY ... This highly desirable corner property offers 45' of waterfront frontage and 105' of street frontage, with 7 boat slips*, bordering directly to highly desirable Wildwood Crest. This charming, older home was originally built in the late 40s, according to municipal records. Many possibilities exist .... knock down the existing structure to make way for your waterfront dream home, or update the current home and start enjoying waterfront living. The home welcomes you with an enclosed sun/florida room - line up your rocking chairs and enjoy the water views. If you want to go inside and sit by the cozy gas fireplace, you can still enjoy the water views through the double slider and many widows that allow plenty of natural light to shine through. The living room transitions into a dining room and a spacious kitchen, equipped with stove, refrigerator, dishwasher and microwave. This level also offers 2 bedrooms, a full bath with tub and a storage closet. The second floor guest area has its own separate entrance, and includes a kitchen with dining area, living room/den/TV area with sliders leading to a sun deck, that affords maximum water views, one bedroom and a full bath. The property has gas fireplace on the first floor and gas wall space heaters used for heating. There is window air-conditioning and ceiling fans for cooling comfort in the summer. The home exudes charm and character throughout, but is in need of updating and will be conveyed strictly in "as is/where is" condition. On the east side of the property, you will find detached garage and storage. There are total of 7 slips*, two of which can accommodate a 30'+ boats and rent for $1600/season each, and the 5 side slips can accommodate boats up to 20' and rent for $1300/season each. There are some leases already in place for 2016 summer season. The total rental income from the home itself is $12,000 per season, however owner pays utilities. Any buyer must honor the leases in place for the 2016 season for the home and boat slips. The property will be sold fully furnished, less personals. The possibilities for this property are many, do not wait - this property has been priced to sell. Take advantage of this extraordinary WATERFRONT opportunity and make your appointment today! NOTE: The square footage and year built was quoted from the tax records and should be verified by the buyer prior to purchase. The seller was successful in appealing the assessment which was reduced from $600,500 to $450,000, accordingly the taxes for 2016 are lower than what is shown in tax tools. See associated docs for elevation certificate and riparian grant info. On file with listing broker are copies of work invoices for roof work, bulkhead and dock work, current flood insurance policy, etc. Please call for info. See Addendum for important information concerning boat slips.

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Listing Courtesy of
LEES REAL ESTATE
(Lees, Jessica)

This listing has been on this site for 3217 days.

501-W-Cresse-Wildwood-NJ-Single-Family-168437

501 W Cresse, Wildwood - Single Family - $524,900

Wildwood Real Estate for Sale

Wildwood Single Family

Wildwood NJ

Single Family

Please Contact:

Jamie Sofroney, Broker Associate
The Landis Company
6000 Landis Avenue
Sea Isle City, NJ 08243
(609)-425-5555
(609) 263-3400
Email Me!