BEDS0
BATHS
SQUARE FEET6,000
MLS#NJCM2007082
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONWILDWOOD
SCHOOLWILDWOOD CITY SCHOOLS
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Ductless/Mini-Split
Fuel Type: Electric
Home Style: Coastal
Lot Size: 0.18 Acres
Roof Type: Flat
Taxes: $31,148
Year Built: 1960
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Exterior: Block, CPVC/PVC, Frame, Glass, Vinyl Siding
Lot: Additional Lot(s)
Lot Dimensions: 0.18 Acre(S)
Municipality: WILDWOOD CITY
One Bedroom Units: 1
Sewer: Public Sewer
Structure Type: Detached
Two Bedroom Units: 8
Units: 1
Water: Public
Local Schools
School District: WILDWOOD CITY SCHOOLS
Listed By / Shown By
Listed By
Agency Name: Prime Realty Partners
Agency Phone: 8562103000
Shown By
Agency Title: RealtyMark
Agency Phone: 888-240-0600
Estimate Your Payment
Estimated Payment
$ 8,624.44 per month $5,330.23 Principal & Interest $2,595.67 Property Tax $698.54 Homeowner's InsuranceChange Payment Information
217-221 E Burk Avenue | MLS# NJCM2007082
This multi-family property located at 217-221 E Burk Avenue , Wildwood, NJ 08260 is currently listed for sale with an asking price of $2,395,000. 217-221 E Burk Avenue is located within the WILDWOOD CITY SCHOOLS school district. Search Wildwood real estate on www.realtymark.net today.