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217-221 E Burk Ave, Wildwood, NJ, 08260

17beds
9baths
6,000sqft
$2,395,000
$399price/sqft
$15,393/moest. monthly cost
$615,720/yrincome needed

About This Home

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.

Getting Around

86
WalkingVery Walkable
0
TransitVery Limited Transit
59
BikeBikeable

Schools

3/10
3/10
Wildwood Middle SchoolGrades 6-80.1 mi
2/10
Wildwood High SchoolGrades 9-120.1 mi

Construction

Condition

  • Property condition: Excellent,Very Good,Good
  • Year built: 1960

Materials

  • Foundation: Slab
  • Roof: Flat
  • Construction materials: Block,CPVC/PVC,Frame,Glass,Vinyl Siding

Notable Dates

  • Major remodel year: 2024

Type & Style

  • Home type: Condo
  • Architectural style: Coastal
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Electric Water Heater
  • Laundry features: Has Laundry

Basement

  • Area: 0

Bedrooms & Bathrooms

  • Bedrooms: 17
  • Bathrooms: 9
  • Full bathrooms: 9
  • Main level bathrooms: 5
  • Main level bedrooms: 9

Features

  • Finished area below ground: 0
  • Finished area above ground: 6,000

Heating & Cooling

  • Heating features: Other,Electric
  • Cooling features: Ductless,Electric

Interior Area

  • Total structure area: 6,000
  • Total interior livable area: 6,000 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 140008500005C0001
  • Zoning: PARZ
  • Zoning description: 9 Condominiums and one Lot all in one sale
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None

Lot

  • Lot size: 8,000 sqft
  • Features: Additional Lot(s)
  • Lot size dimensions: 80.00 x 100.00

Parking

  • Parking features: Parking Lot,On Street
  • Has uncovered spaces: Yes