235 Garfield Ave Wildwood, NJ 08260
Property profile & analytics
235 Garfield Ave Wildwood, NJ 08260
- Residential income homes
- 7,616 SF
- 0.09 lot acres
Property ID
US59-3177252
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Residential income homes
Property Details for 235 Garfield Ave
- Year built
- 1936
- Construction
- FRAME
- Lot size
- 0.09 lot acres
- Property size
- 7,616 SF
- Zone code
- RM
- Property type
- Residential income homes
- Property subtype
- Small apartment buildings
- APN
- 14 00165-0000-00009
- APU
- 1400165000000009
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $826,000
- AI Estimate
- $518,000
Market price range: $692k - $1.67MMarket price range: $507k - $1.20M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $1,320,000 Current use
- OFFICE BUILDING
- $1,275,000 Change: -3% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Wildwood
- County
- Cape May
- State
- New Jersey
- Longitude
- -74.8146
- Latitude
- 38.9875
- CBSA code
- 36140
- CBSA name
- OCEAN CITY, NJ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$13,332
$105,000
$331,400
$436,400
-
$105,000
$331,400
$436,400
