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    235 E Garfield

    Wildwood, NJ 08260
    • $1,400,000
    • STATUS: Active
    • ON SITE: 137 days
    • MLS #: 210828
    UPDATED: 30 min ago
    $1,400,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,616
      SQFT
    • $184
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Area:

    School Ratings & Info

    Description

    Incredible investment opportunity to purchase this motel style apartment building, along with a vacant commercial lot currently used as onsite parking. 235 E Garfield Av. has been completely renovated and consists of six two bedroom apartments and 5 one bedroom apartments and it is run as a full service motel with an on site laundry room. All units feature air conditioning/heat systems, that allow for year round use. One electric meter. The Sellers generated around $250k in revenue in 2019 and $270k in 2020. Included in the sale is also separately deeded 100x90 vacant lot for 30+cars located at 3719 Pacific Ave. Offered together as a package ONLY, the vacant lot is zoned commercial and could be developed into another income producing property by the savvy investor in the future. Centrally located, within a walking distance to the best that Wildwood has to offer, this property has a solid potential for incredible Airbnb cash flow.

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    Listing information © 2021 Cape May County Association of REALTORS® Multiple Listing Service. Information is deemed reliable but is not guaranteed accurate by the MLS or The Oceanside Realty Team | Keller Williams Jersey Shore. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2021-07-25T14:49:36.59.
    www.theoceansiderealtyteam.com/homes/114898981
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    235 E Garfield Wildwood, NJ 08260

    • Price: $1,400,000
    • Status: Active
    • Updated: 30 min ago
    • MLS #: 210828
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    7,616
    SQFT
    $184
    $/SQFT
    Neighborhood:
    14-Wildwood City
    Area:
    Wildwood
    Property Description
    Incredible investment opportunity to purchase this motel style apartment building, along with a vacant commercial lot currently used as onsite parking. 235 E Garfield Av. has been completely renovated and consists of six two bedroom apartments and 5 one bedroom apartments and it is run as a full service motel with an on site laundry room. All units feature air conditioning/heat systems, that allow for year round use. One electric meter. The Sellers generated around $250k in revenue in 2019 and $270k in 2020. Included in the sale is also separately deeded 100x90 vacant lot for 30+cars located at 3719 Pacific Ave. Offered together as a package ONLY, the vacant lot is zoned commercial and could be developed into another income producing property by the savvy investor in the future. Centrally located, within a walking distance to the best that Wildwood has to offer, this property has a solid potential for incredible Airbnb cash flow.
    Exterior Features

    Lot Size 40X100

    Property Features

    Bank Owned No Commercial Type Motel Near Wildwood Boardwalk New Construction No Sale Or Rent For Sale Subject To Third Party Approval No Taxes 12699 Zoned Commercial

    © 2021 Cape May County Association of REALTORS® MLS. All Rights Reserved.
    Listing provided courtesy of Coastline Realty, Llc.


    Listing information © 2021 Cape May County Association of REALTORS® Multiple Listing Service. Information is deemed reliable but is not guaranteed accurate by the MLS or The Oceanside Realty Team | Keller Williams Jersey Shore. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2021-07-25T14:49:36.59.
     
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    The Oceanside Realty Team | Keller Williams Jersey Shore
    5501 New Jersey Avenue
    Wildwood Crest NJ, 08260