120 E SCHELLENGER AVE, Wildwood, NJ 08260
120 E SCHELLENGER AVE, Wildwood, NJ 08260
120 E SCHELLENGER AVE, Wildwood, NJ 08260
120 E SCHELLENGER AVE, Wildwood, NJ 08260
120 E SCHELLENGER AVE, Wildwood, NJ 08260
120 E SCHELLENGER AVE, Wildwood, NJ 08260
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Rachel Romano

Rachel Romano

+1(609) 238-1329
Listed by Tom Duffy • Keller Williams Realty - Washington Township
$ 1,200,000
Est. payment | /mo

3,999 Sqft Lot

Save
$ 1,200,000
Est. payment | /mo
Save

3,999 Sqft Lot

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision Wildwood City

MLS Listing ID NJCM2006732

Year Built 1960

Annual Tax Amount $8,588

Tax Year 2025

Lot Size 3,999 Sqft

Acres 0.09

Lot Dimensions 40.00 x 100.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Exceptional Income-Producing Opportunity in the Heart of Wildwood! Welcome to 120 E Schellenger Ave, a rare and fully renovated 14-private-room seasonal rental property offering outstanding income potential in one of the Jersey Shore's most desirable locations. Completely renovated in 2021, this turnkey asset delivers immediate cash flow with a strong and proven performance history. The property consists of 14 private rental rooms, 9 full bathrooms, two full kitchens, and a spacious common living room, all thoughtfully designed to support high-demand seasonal rentals. The layout maximizes occupancy and efficiency, making it ideal for investors seeking reliable and scalable income. The seller currently nets approximately $130,000 per season, demonstrating the property's exceptional earning power. The property is also available for seasonal rent at $90,000, offering additional flexibility for operators or investors evaluating multiple revenue strategies. Located just a short walk to the beach, boardwalk, dining, nightlife, and everything Wildwood has to offer, this unbeatable walkability is a major driver of its consistent seasonal demand and long-term value. Whether you're looking to expand your investment portfolio or acquire a proven shore rental with strong cash flow, 120 E Schellenger Ave represents a rare opportunity to own a high-performing, fully renovated income property in the heart of Wildwood.

Location

State NJ

County Cape May

Area Wildwood City (20514)

Zoning PARZ

Interior

Hot Water Natural Gas

Heating None

Cooling Window Unit(s)

Flooring Carpet, Ceramic Tile, Luxury Vinyl Plank

Inclusions All existing finishes and furnishings.

Heat Source None

Exterior

Garage Spaces 20.0

Water Access N

Roof Type Pitched,Asphalt,Shingle

Accessibility 36\"+ wide Halls

Total Parking Spaces 20

Garage N

Building

Foundation Slab

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Wildwood City Schools

Others

Tax ID 14-00172-00021

Ownership Fee Simple

Security Features Smoke Detector,Exterior Cameras

Special Listing Condition Standard

Bright MLS (BMLS)

NEARBY SCHOOL & BUSINESS

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Rachel Romano
Rachel Romano

REALTOR® | License ID: 1111154

+1(609) 238-1329

123 W Jersey Ave, Pitman, NJ, 08071

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120 E SCHELLENGER AVE