217-221 E BURK AVE, Wildwood, NJ 08260
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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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Chip Watson

Chip Watson

+1(856) 625-5900
Listed by John Rinick • Prime Realty Partners
$ 2,395,000
Est. payment /mo
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Active

217-221 E BURK AVE Wildwood, NJ 08260

6,000 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 6,000 sqft

Price per Sqft $399

Subdivision Wildwood

MLS Listing ID NJCM2007082

Style Coastal

Abv Grd Liv Area 6,000

Year Built 1960

Annual Tax Amount $31,148

Tax Year 2025

Lot Size 8,000 Sqft

Acres 0.18

Lot Dimensions 80.00 x 100.00

Property Sub-Type Detached

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

Fireplace N

Heat Source Electric

Exterior

Water Access N

Roof Type Flat

Accessibility None

Garage N

Building

Lot Description Additional Lot(s)

Foundation Slab

Above Ground Finished SqFt 6000

Sewer Public Sewer

Water Public

Architectural Style Coastal

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Wildwood City Schools

Others

Tax ID 14-00085-00005-C0001

Ownership Fee Simple

SqFt Source 6000

Acceptable Financing Cash, Conventional, Private

Listing Terms Cash, Conventional, Private

Financing Cash,Conventional,Private

Special Listing Condition Standard

Bright MLS (BMLS)

Nearby Locations

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Chip Watson

+1(856) 625-5900

howard.watson@exprealty.com

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217-221 E BURK AVE