235 E Garfield Avenue $1,500,000

MLS#: 220626
Address: 235 E Garfield Avenue
City / Zip: Wildwood, NJ 08260
Type: Commercial / HotelMotel

40x100

Lot Size

N/A

Year Built

Wildwood

City

Overview

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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

Map may not be 100% accurate.

Amenities

    Property Amenities

    • Rooms

      • Laundry Room
    • Cooling

      • Multi-Zoned
    • Heating

      • Forced Air
      • Multi-Zoned
    • Sewer

      • City
    • Parking

      • 1 To 5 Spaces
      • Off Street

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