816 WESLEY AVENUE

OCEAN CITY, NJ, 08226

$2,500,000

$324 per ft²
$2,500,000
$324 per ft²
Active
Active
 - For Sale
carpenters-square
7,694 ft²
property_type
Multi-family
calendar
Built 1891
Built in 1891, this Ocean City Victorian beauty (over 5600 sq. ft. of living space) known as The Painted Lady is truly one of a kind and part of Ocean City's historical charm. Built in 1891 and carefully restored in 2019, it is also known as The Thomas S. Simmon's House. The main home offers six bedrooms (which includes a beautiful master bedroom and ensuite) and three and a half baths. Enter the upper house via the expansive and airy front wrap-around porch which is second to none in Ocean City. 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 interior with glass doorknobs, new vintage switch plates, classic furniture pieces and stainless-steel appliances, washer/dryer, full baths with custom tile, granite and glass-enclosed bathing areas. Parking for 2 cars out back, free street parking out front, an outdoor shower and a whole lot more. One of the few properties with a large, shady, outdoor area out back for the kids to enjoy while the adults enjoy the huge wrap around porch that is truly one of a kind. Total SQFT is over 8000 in sale! Around 6000 SQFT in the main house with an additional 2000 SQFT in cottage and more within the 3 apartments!! In total the property includes 2 apartments in the rear cottage (about 2000 SQFT), 3 apartments on the ground floor of the main building rented yearly and the main residence on the top 3 floors sporting 6 bedrooms and 3 1/2 baths rented weekly bring in over $80,000 in summer rentals. Gross yearly rent in excess of $150,000 per year.
MLS® ID:
NJCM2000982
Updated:
9/25/22

Interior Features

Kitchen Appliances
Stainless Steel Appliances
Total Bedrooms
0
Total Bathrooms
0
Interior Features
Breakfast Area, Combination Dining/Living, Dining Area, Crown Moldings, Family Room Off Kitchen, Kitchen - Eat-In
Floor Description
Hardwood
Cooling
Ceiling Fan(s), Wall Unit, Window Unit(s)
Heating
Radiator

Exterior/Building Features

Lot Size
5,280 ft² lot
Exterior Features
Street Lights, Sidewalks, Porch(es), Patio(s), Wrap Around, Above Grade, Below Grade
Architectural Style
Victorian
Sewer
Public Sewer

School Information

School District
OCEAN CITY SCHOOLS

Other Property Details

Area Name
Ocean City City (20508)
Taxes
$5871.00
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
CAPE MAY
Water Source
Public
Pool
No
Zoning
RES
Contact