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235 Garfield Ave Wildwood, NJ 08260

Sponsored
For Sale
$1,850,000

Seventeen renovated apartments, strong rental income.

Description

Added:
Feb 3, 2025
Days on Market:
347
This exceptional investment opportunity presents a fully renovated motel-style apartment building ideally situated at 235 E Garfield Avenue in the vibrant heart of Wildwood, New Jersey. The property comprises seventeen units, meticulously updated for optimal functionality and appeal: seven spacious two-bedroom apartments and five comfortable one-bedroom apartments. Each unit is equipped with individual air conditioning and heating systems, ensuring year-round occupancy and rental potential. The building operates as a fully functioning motel, providing a turnkey operation for the new owner. A single electric meter simplifies utility management. This prime location offers unparalleled convenience, placing residents within easy walking distance of Wildwood's best attractions, restaurants, and amenities. The property's strong rental history and potential for significant Airbnb revenue streams make it an exceptionally attractive investment. Furthermore, its location within a qualified New Jersey Opportunity Zone presents additional tax advantages for savvy investors. This is a rare chance to acquire a well-maintained, high-performing property in a thriving coastal destination. The building's solid construction and recent renovations minimize immediate capital expenditure needs, allowing for immediate cash flow generation. This turnkey operation is ready for a new owner to step in and continue its success. The property's size and layout offer flexibility for future expansion or diversification of rental strategies.

Property Features for 235 Garfield Ave

General Information

Property type
Other commercial real estate

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Law Firm Realty agency Spa & Massage Dental Office Hair Salon Restaurant Nail Salon Building Supply Auto Repair Shop Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Wildwood
County
Cape May County
State
New Jersey
Longitude
-74.81458
Latitude
38.9875

FAQs

What type of property is this?
Commercial real estate - Seventeen renovated apartments, strong rental income.
Where is this commercial real estate located?
The property is located at 235 Garfield Ave Wildwood, NJ.
What is the asking price?
The asking price for this property is $1,850,000.
More about this property
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