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… Read More 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. Read Less
Courtesy of John Rinick, Prime Realty Partners 856-210-3000
Listing Snapshot
Days Online
165
Last Updated
Property Type
Condominium
Beds
17
Full Baths
9
Square Ft.
6,000
Year Built
1960
MLS Number
NJCM2007078
Additional Details
Building
Built in 1960, Built in 2024 (effective), Living area: 6000, Levels: 2, Construction Materials: Block, CPVC/PVC, Frame, Glass, Vinyl Siding
Cooling
Ductless/Mini-Split
Accessibility Features
None
Foundation
Slab
Home Owner's Association
Fee Includes: None, Amenities: None
Lot
Dimensions: 80.00 x 100.00, Additional Lot(s)
Property
Excellent, Very Good, Good, Other structures: Above Grade, Below Grade
Roof
Flat
Sewer
Public Sewer
Taxes
Annual Amount: $31,148.6, Lot: 00005, Year: 2025, Zoning: PARZ, Zoning description: 9 Condominiums and one Lot all in one sale
Utilities
Water Source: Public
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