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$ 1,850,000
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Active
235 E Garfield Avenue Wildwood, NJ 08260
7,616 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Motel
Listing Status Active
Purchase Type For Sale
Square Footage 7,616 sqft
Price per Sqft $242
MLS Listing ID 243472
Annual Tax Amount $13,768
Tax Year 2023
Lot Dimensions 40x100
Property Sub-Type Motel
Property Description
Incredible investment opportunity to purchase this motel style apartment building in the heart of Wildwood. 235 E Garfield Av. has been completely renovated and consists of 7 two-bedroom apartments and 5 one-bedroom apartments, and it's run as a full-service motel. All units feature air conditioning/heat systems, that allow for year-round use. One electric meter. Centrally located, within a walking distance to the best that Wildwood has to offer, this property has a solid potential for incredible rental /Airbnb cash flow. Located in a qualified NJ opportunity zone.
Location
State NJ
County Cape May County
Area Wildwood
Zoning Commercial
Interior
Hot Water Gas
Heating Forced Air, Multi-Zoned
Cooling Multi-Zoned
Exterior
Parking Features 1 To 5 Spaces, Off Street
Building
Story 3
Sewer City
Water City
Others
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Listed by COASTLINE REALTY, LLC
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Micah Yerk
Broker-Salesperson/Managing Broker, Lower Township Office | License ID: 1110889
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