816 Wesley Ave
Ocean City New Jersey 08226
Multi-unit I 6 Bedrooms I 3.5 Bathrooms I 5,694 sq. ft. I $2,500,000
Built in 1891, this Ocean City Victorian single-family 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. In total the property includes 2 apartments in the rear cottage (offering additional square footage), 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.
