235 E Garfield Avenue 235 E Garfield Avenue Wildwood, New Jersey 08260 United States
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...
- Commercial
- Property type
- 220626
- Web Id
- 220626
- MLS ID
- 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
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
Listing Courtesy of COASTLINE REALTY, LLC