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Cape May
817 Stockton Avenue  
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MLS# 202874    
$1,976,000.00   Request Information  
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Remarks:
Welcome to the Sea Shore S. Cape in Cape May. This property consists of two separately deeded properties for a total of 7 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, but one has a private rear deck. This property is well maintained by the current owners who do upgrades every year throughout the buildings. 817 Unit 1 consists of a (2 Bedroom, 2 Bathroom) unit with large rear deck. 817 Unit 2 (3 Bedrooms, 2 Bathrooms). 817 Unit 3 (3 Bedrooms, 2 Bathrooms) with a rear deck. You can access the apartments by the shared interior stairwell or Unit 1 and 3 can have access through their back decks. 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. Similar to the other side, 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 $161,285 for both units. 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.



PROPERTY FEATURES

  * LOCATION
      Water View

  * OUTSIDE FEATURES
      Deck
      Porch
      Sidewalks
      Outside Shower

  * OTHER ROOMS
      Living Room
      Eat In Kitchen

  * HEATING
      Electric
      Baseboard
      Hot Water
      Multi-Zoned

  * ALSO INCLUDED
      Curtains
      Blinds
      Rugs
      Furniture

  * BASEMENT
      Crawl Space

  * WATER
      City

  * SEWER
      City

  * COOLING
      Other

  * HOT WATER
      Electric

  * FINANCING
      Other Financing

  * AVAILABLE
      Income Expense Info
      Inventory
      Lease Information
      Utility Information


LET FARRELL REALTY BE YOUR BUYER AGENT FOR THIS LISTING.
LISTING IS PROVIDED BY COASTLINE REALTY, LLC AND CAPE MAY COUNTY MLS. The data relating to real estate for sale on this web page appears in part through the Cape May County MLS program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which we participate, and is provided by Cape May County MLS through a licensing agreement.

Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to change, withdrawal, or prior sale.