235 E Garfield Avenue

Wildwood, NJ
$ 1,400,000 Beds 0 Baths 0
Monthly Estimate* How much can I afford?

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.

Commercial

  • Price
  • $ 1,400,000
  • Lot Size
  • Bedrooms
  • 0
  • Full Bathrooms
  • 0
  • Half Bathrooms
  • 0
  • City, Zip
  • Wildwood
  • Taxes
  • $ 12699
  • County
  • CAPE MAY
  • Style
  • Motel
  • Area
  • Wildwood
  • MLS#
  • 210828
  • Zip
  • 08260
Listing Provided by: COASTLINE REALTY, LLC
Data Source: Cape May County MLS

Features

General

Type Motel
Zoning Commercial

Exterior Features

Buildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Villas, NJ office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

3/9/2021 Listed $1,500,000
4/21/2021 7% - $1,400,000

Property vs Zip Code Average in 08260

Price
AVG $1.66M
$1.4M
Taxes
AVG $14,641
$12,699
Visits
AVG 55
21
Walkscore
AVG 67
85
Data Provided by Walkscore ® not using MLS data

Map

235 E Garfield Avenue Wildwood, NJ is a Single Family Home for sale at $1400000 and a lot size of Acre(s). 235 E Garfield Avenue Wildwood has 0 bedrooms, 0 baths . The property's zip code is 08260 which is in Wildwood, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.