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$ 2,395,000
Est. payment | /mo
9 Baths
3,920 Sqft Lot
$ 2,395,000
Est. payment | /mo
9 Baths
3,920 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 606450
Year Built 1960
Annual Tax Amount $31,149
Tax Year 2025
Lot Size 3,920 Sqft
Property Description
Builders, investors, and operators—don't miss this rare opportunity to acquire a 9-unit condo portfolio in the heart of Wildwood, NJ, being offered as a package deal along with a buildable lot. This unique offering includes nine individually deeded condominium units, consisting of eight 2-bedroom, 1-bath units and one spacious rear cottage featuring 1 bedroom and 1 bath. The additional lot, currently utilized as parking for tenants, is large enough to accommodate the construction of one or two homes, similar to the neighboring properties at 223 and 225. The entire property has undergone extensive renovations within the past year and a half, and the heavy lifting has already been completed, including the full rehab, condo conversion, elevation certificate, and more. All units are currently operating as short-term summer rentals and continue to take reservations, offering immediate income potential. Ideally located just blocks from the beach, boardwalk, and Convention Center, this property sits in one of Wildwood's most desirable rental zones. A truly unique investment opportunity combining strong current cash flow with future development upside.
Location
State NJ
County Cape May
Community Wildwood
Area Wildwood City
Exterior
Parking Features Other (See Remarks)
Roof Type Flat
Building
Story 2
Sewer Public Sewer
Water Public
Listed by Prime Realty Partners
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