235 E Garfield Avenue & 3719 Pacific Avenue
Wildwood, NJ $1,400,000
Don’t miss this incredible investment opportunity in Wildwood to purchase this motel style apartment building at 235 E. Garfield Avenue, along with a vacant commercial lot at 3719 Pacific Avenue currently used as onsite parking. 235 E Garfield Avenue 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. The Sellers generated around $250k in revenue in 2019 and $270k in 2020.
Included in the sale is also separately deeded 100×90 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. The asking price for both properties sold together is $1,400,000.
Contact Bojidar “Bob” Dimitrov, Broker Associate today for additional info on this property or to set up a showing! You can reach Bob on his cell at 609-849-8339, at the office as 609-884-5005, or email at CoastlineRealty@gmail.com.
Middle Township – Seems like every nice neighborhood has one or two houses that get let go and start looking overgrown, dirty, unkempt etc. Don’t be that neighbor. Respect your home and neighbors and spruce it up. If…
