816 Wesley Ave, Ocean City, NJ 08226 For Sale Official Listing Site

6 bedrooms, 3.5 bathroom house with 5 rental units bringing in $65,000 per year.

If you’re looking for a unique property in Ocean City, NJ consider this incredible property built in 1893.  Experience old world charm mixed with modern touches.  The home was lovingly renovated in 2019.  The main house is 6 bedrooms, 3.5 bathrooms covering 4 levels.  Plus there are 5 rental units bringing in over $65,000 per year.

The main house has original hardwood floors that have been tastefully restored.  The main floor has a living room, study, dining room, eat in kitchen, full bath and wrap around porch including an outdoor dining area. The eat in kitchen has all new stainless steel appliances, as well as a booth and an island seating. The second level features an incredible master bedroom and bathroom suite plus 3 more bedrooms and another full bath.  The upper level contains another 2 bedrooms and a half bath.  On the ground level there is a laundry room and workshop area.

This historic home is named the “Thomas S. Simons House”, and is well known as a “Painted Lady” property.  New features include:  windows, front steps, paint (inside and outside), and all bathrooms.  There is also a fenced in patio with BBQ, and grassy courtyard between the main house and the cottage.

Here’s the thing that really makes this property unique… in addition to the house there are 5 rental units bringing in over $65,000 per year.  On the ground level of the main house there is a 2 bedroom unit renting for $1,000 per month, a 1 bedroom renting for $1,000 per month and studio renting for $900 a month.  The cottage has a 1 bedroom renting for $1,300 per month and a 3 bedroom unit renting for $1,500 per month.  This property did not flood during Hurricane Sandy.  If you’d like to schedule a tour contact Matthew Haviland at 609-338-3773.

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