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405 N Wildwood Boulevard, Cape May Court House - ACTIVE

For Sale: $1,496,000

MLS: 240607
Beds: 0
Baths:
    
Type: Motel
DOM: 52 Days

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 building s 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 Wildwood s 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.

AMENITIES

  • Heating:Electric   
  • Cooling:Wall Air Conditioning  
  • Septic  

PROPERTY LOCATION / MAP
Last Database Update:04/23/2024

Let DILLER FISHER REALTORS be your buyer agent for this listing. Listing is provided by BLUE HOMES REAL ESTATE LLC. The data relating to real estate for sale on this web page appears in part through the Cape May County MLS program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which we participate, and is provided by Cape May County MLS through a licensing agreement. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to change, withdrawal, or prior sale.
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405 N Wildwood Boulevard, Cape May Court House

For Sale: $1,496,000 / MLS: 240607

Beds: 0 /
Baths: /
Motel

/
DOM: 52 Days
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