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Pumsu Lim

stagesite-2.test@chime.me +1(506) 970-3459

$ 2,395,000

Est. payment | -/mo

17 Beds

9 Baths

6,000 SqFt

Save

$ 2,395,000

Est. payment | -/mo

Save

17 Beds

9 Baths

6,000 SqFt

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 6,000 sqft

Price per Sqft $399

MLS Listing ID NJCM2007078

Financing Cash,Conventional,Private

Style Coastal

Subdivision Wildwood

Bedrooms 17

Full Baths 9

Short Sale No

HOA Y/N N

Originating MLS BRIGHT

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.

Location

State NJ

County Cape May

Area Wildwood City (20514)

Zoning PARZ

Rooms

Main Level Bedrooms 9

Interior

Hot Water Electric

Heating Other

Cooling Ductless/Mini-Split

Inclusions All furniture

Furnishings Yes

Fireplace N

Heat Source Electric

1-purchase type For Sale

Exterior

Amenities Available None

Waterfront N

Water Access N

Roof Type Flat

Accessibility None

Parking Type Parking Lot, On Street

Building

Lot Description Additional Lot(s)

New Construction N

Story 2

Foundation Slab

Lot Dimensions 80.00 x 100.00

Sewer Public Sewer

Water Public

Architectural Style Coastal

Story 2

Additional Building Above Grade, Below Grade

Schools

School District Wildwood City Schools

Others

HOA Fee Include None

Senior Community No

Tax Amount $31,148

Tax Year 2025

Tax ID 14-00085-00005-C0001

Ownership Condominium

SqFt Source 6000

Acceptable Financing Cash, Conventional, Private

Special Sale Standard

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Listed by John Rinick • Prime Realty Partners

217-221 E BURK AVE Wildwood, NJ 08260