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405 N Wildwood Boulevard

Cape May Court House, NJ 08210
  • $1,471,000
  • STATUS: Active
  • ON SITE: 138 Days
  • MLS #: 240607
UPDATED: 66 min ago
$1,471,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial

School Ratings & Info

Description

INVESTOR OPPORTUNITY!! Package deal. Located at 405 N Wildwood Blvd right off the Garden State Parkway, the property is a former hotel that was converted to multifamily apartments. The property has been fully renovated including new mechanicals and is ready with 13 Market Rate apartments (11 efficiencies, 1 - one bed, 1 - three bed). The buildings construction with all units being first floor walk-ins, having on-site laundry, and room for additional storage units will add to its appeal. This property will allow an investor to capture full market rents and add significant value through lease-up in a rental area with huge demand. N Wildwood Blvd benefits from its close proximity to North Wildwoods beaches and extended shoulder season to bolster Airbnb models. To the west, Burleigh is aggressively developing commercial real estate which may interest investors in also purchasing 401 N Wildwood Blvd on this same parcel. Netting 222 of frontage and 1.08 AC of dry land opens up a number of additional opportunities in a high traffic, high visibility area.

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Listing information © 2024 Cape May County Association of REALTORS® Multiple Listing Service. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices Fox & Roach, Realtors. IDX information is provided exclusively 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. Data last updated 2024-07-19T21:49:48.22.
www.stoneharbornewjerseyhomes.com/homes/148216340
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405 N Wildwood Boulevard Cape May Court House, NJ 08210

  • Price: $1,471,000
  • Status: Active
  • On Site: 138 Days
  • Updated: 66 min ago
  • MLS #: 240607
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
06-Middle Township
Area:
Cape May Court House
Property Description
INVESTOR OPPORTUNITY!! Package deal. Located at 405 N Wildwood Blvd right off the Garden State Parkway, the property is a former hotel that was converted to multifamily apartments. The property has been fully renovated including new mechanicals and is ready with 13 Market Rate apartments (11 efficiencies, 1 - one bed, 1 - three bed). The buildings construction with all units being first floor walk-ins, having on-site laundry, and room for additional storage units will add to its appeal. This property will allow an investor to capture full market rents and add significant value through lease-up in a rental area with huge demand. N Wildwood Blvd benefits from its close proximity to North Wildwoods beaches and extended shoulder season to bolster Airbnb models. To the west, Burleigh is aggressively developing commercial real estate which may interest investors in also purchasing 401 N Wildwood Blvd on this same parcel. Netting 222 of frontage and 1.08 AC of dry land opens up a number of additional opportunities in a high traffic, high visibility area.
Exterior Features

Lot Size 222 X 216

Interior Features

Cooling Wall Air Conditioning Heating Electric

Property Features

Bank Owned No Commercial Type Motel New Construction No Sale Or Rent For Sale Sewer Septic Subject To Third Party Approval No Tax Year 2022 Taxes 12460.14 Water Well Zoned TB

© 2024 Cape May County Association of REALTORS® MLS. All Rights Reserved.
Listing provided courtesy of BLUE HOMES REAL ESTATE LLC: 609-281-5296.


Listing information © 2024 Cape May County Association of REALTORS® Multiple Listing Service. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices Fox & Roach, Realtors. IDX information is provided exclusively 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. Data last updated 2024-07-19T21:49:48.22.
 
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Ocean City NJ, 08226