235 E Garfield #12 $1,400,000

MLS#: 210828
Address: 235 E Garfield #12
City / Zip: Wildwood, NJ 08260
Type: Commercial

40x100

Lot Size

N/A

Year Built

Wildwood

City

Overview

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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 six two bedroom apartments and 5 one bedroom apartments and it is run as a full service motel with an on site 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 and $270k in 2020. 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.

This listing is provided courtesy of COASTLINE REALTY, LLC

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