Virtual Tour

816 Wesley Ave , Ocean City NJ

$2,000,000 | $9,217 / Month*

MLS #556303



Appliances/Equipment: Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Washer
Garage/Parking: None
Driveway: Concrete
Included: Furnished
Foreclosure: No
Exterior Construction: Cedar
Exterior Features: Deck, Outside Shower, Patio, Porch, Recreation Area, Sidewalks, Sprinkler System
Exterior Features
Construction: Cedar
Cooling: Ceiling Fan(s), Electric, Wall Units, Window Units
Heating: Radiator
Sewer Type: Public Sewer
Units Information
Units: 6

INVESTMENT OPPORTUNITY AWAITS. This beautiful Ocean City Victorian multi-family home was carefully restored in 2019. Take advantage of the annual income of approximately $150,000 including the seasonally rented main house that and live offers six bedroom, three full bath and one half bath and collecting additional rent from the established yearly tenants in the five additional apartments. There are three apartments in the lower floor of the main house and a beautifully restored cottage at the rear of the property. The cottage has two apartments with yearly tenants in place. In the main home, enter the upper via the expansive and airy front wrap-around porch. The beautiful formal entry reflects the home's vintage character in the extensive woodwork, fixtures, staircase and hardwood floors. Past meets present in the tastefully designed interiors with glass doorknobs, new vintage switch plates, classic furniture pieces and stainless steel appliances, full baths with custom tile, granite and glass-enclosed bathing areas. Mechanicals are sound with a new heating-boiler unit recently installed; most of the windows have been replaced. Known as "The Painted Lady" and The Thomas S. Simmon's House, 816 Wesley Avenue presents a one-of-a-kind property suitable as both personal residence and investment.

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