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 8 two-bedroom apartments and 3 one-bedroom apartments and it is run as a full-service motel with an onsite 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. 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.
This listing is provided courtesy by COASTLINE REALTY, LLC
Map may not be 100% accurate.
By Rachel Arena Getting into the Real Estate Business has been the most rewarding, challenging, and exciting experience that I could have imagined. Just turning 30, I was ready for a change of pace and always had Real EstaRead More...»