United StatesNew JerseyWildwood235 E Garfield Avenue

235 E Garfield Avenue
235 E Garfield Avenue Wildwood, New Jersey 08260 United States

$1,400,000
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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...

Cape May County MLS

$1,400,000
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40x100
Exterior
Commercial / Industrial
Property Type
210828
Web Id
Wildwood City
School District
223
days ago

About 235 E Garfield Avenue

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.

Listing Courtesy of COASTLINE REALTY, LLC

Property Details

Area
Wildwood
Stories
3
Zone
Commercial
Block Number
1&9
Lot Number
16

Unit Information

Number of Units
12

Additional Information

Taxes
$12, 699.00

Cape May County MLS

Mountain View

©2017 Cape May County Multiple Listing Service. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage firms other than deSatnick Real Estate, LLC are noted with the List Broker. Some properties on this website may no longer be available for sale because they are under contract, have sold, or expired or have been withdrawn. Information is deemed to be accurate but not

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