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235 E Garfield

Wildwood, NJ 08260
  • $1,400,000
  • STATUS: Active
  • ON SITE: 267 Days
  • MLS #: 210828
UPDATED: 25 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 8 two bedroom apartments and 3 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, $270k in 2020 and over $300k in 2021 already. 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. Located in a qualified NJ opportunity zone .

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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 2021-12-02T13:49:39.423.
www.theoceansiderealtyteam.com/homes/114898981
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235 E Garfield Wildwood, NJ 08260

  • Price: $1,400,000
  • Status: Active
  • On Site: 267 Days
  • Updated: 25 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 8 two bedroom apartments and 3 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, $270k in 2020 and over $300k in 2021 already. 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. Located in a qualified NJ opportunity zone .
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 2021-12-02T13:49:39.423.
 
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The Oceanside Realty Team | Keller Williams Jersey Shore
5501 New Jersey Avenue
Wildwood Crest NJ, 08260