United StatesNew JerseyWildwood235 E Garfield Avenue

235 E Garfield Avenue
235 E Garfield Avenue Wildwood, New Jersey 08260 United States

$1,750,000
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Incredible investment opportunity to purchase this motel style apartment building, along with a vacant commercial lot currently used as onsite parking. 235 E Garfield Av. has been completely renovated and consists of 8 two-bedroom apartments and...

COASTLINE REALTY, LLC

Listing Courtesy of COASTLINE REALTY, LLC
$1,750,000
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Commercial
Property type
220626
Web Id
220626
MLS ID
Wildwood City
School District
9
days ago

About 235 E Garfield Avenue

Incredible investment opportunity to purchase this motel style apartment building, along with a vacant commercial lot currently used as onsite parking. 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. Included in the sale is also separately deeded 100x90 vacant lot for 30+cars located at 3719 Pacific Ave. Offered together as a package ONLY, the vacant lot is zoned commercial and could be developed into another income producing property by the savvy investor in the future. Centrally located, within a walking distance to the best that Wildwood has to offer, this property has a solid potential for incredible Airbnb cash flow. Located in a qualified NJ opportunity zone.

Listing Courtesy of COASTLINE REALTY, LLC

PROPERTY INFORMATION

Cooling
Multi-Zoned
Heating
Forced Air, Multi-Zoned
Parking Description
11 Or More Spaces, Off Street
Sewer
City
Water
City

ADDITIONAL INFORMATION

Number of Units
12
235 E Garfield Avenue, Wildwood, New Jersey 08260 United States is a Commercial for Sale for $1,750,000. Was built in , has on a lot of and it's composed from Bedrooms, full baths
Listing Courtesy of COASTLINE REALTY, LLC

COASTLINE REALTY, LLC

Listing Courtesy of COASTLINE REALTY, LLC
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