217-221 E Burk Ave, Wildwood, NJ 08260
- $2,295,000
- 17
- BD
- 9
- BA
- 6,000
- SqFt
- List Price
- $2,295,000
- Status
- ACTIVE
- Days on Market
- 158
- Price Change
- ▼ $100,000 1779312359
- MLS#
- NJCM2007078
- Style
- Coastal
- Year Built
- 1960
- Bedrooms
- 17
- Bathrooms
- 9
- Full Baths
- 9
- Living Area
- 6,000
- Subdivision
- Wildwood
- Neighborhood
- Wildwood
- MLS Area Major
- Wildwood City (20514)
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.
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Additional Information
- Amenities
- None
- Taxes
- $31,148
- HOA Includes
- None
- Property Description
- Coastal
- Zoning
- PARZ
- Heating
- Other
- Air Conditioning
- Ductless/Mini-Split
- Levels
- 2
- Roof
- Flat
- Foundation
- Slab
- School District
- Wildwood City Schools
Mortgage Calculator
Listing courtesy of Prime Realty Partners. Contact: 8569065885