217-221 E BURK AVE, Wildwood, NJ 08260
217-221 E BURK AVE, Wildwood, NJ 08260
217-221 E BURK AVE, Wildwood, NJ 08260
217-221 E BURK AVE, Wildwood, NJ 08260
217-221 E BURK AVE, Wildwood, NJ 08260
217-221 E BURK AVE, Wildwood, NJ 08260
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Rachel Romano

Rachel Romano

+1(609) 238-1329
Listed by John Rinick • Prime Realty Partners
$ 2,395,000
Est. payment | /mo
Save
$ 2,395,000
Est. payment | /mo
Save

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision Wildwood

MLS Listing ID NJCM2007080

Year Built 1960

Annual Tax Amount $31,148

Tax Year 2025

Lot Dimensions 80.00 x 100.00

Property Sub-Type Five Or More Units

Source 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

Interior

Hot Water Electric

Heating Other

Cooling Ductless/Mini-Split

Inclusions All furniture

Heat Source Electric

Exterior

Garage Spaces 10.0

Water Access N

Roof Type Flat

Accessibility None

Total Parking Spaces 10

Garage N

Building

Lot Description Additional Lot(s)

Foundation Slab

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Wildwood City Schools

Others

Tax ID 14-00085-00005-C0001

Ownership Condominium

Acceptable Financing Cash, Conventional, Private

Listing Terms Cash, Conventional, Private

Financing Cash,Conventional,Private

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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217-221 E BURK AVE