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$ 90,000
3,360 SqFt
$ 90,000
3,360 SqFt
Key Details
Property Type Commercial
Sub Type Motel
Listing Status Active
Purchase Type For Rent
Square Footage 3,360 sqft
MLS Listing ID 260300
Year Built 1960
Annual Tax Amount $8,588
Tax Year 2025
Lot Dimensions 40X100
Property Sub-Type Motel
Property Description
Exceptional Income-Producing Opportunity in the Heart of Wildwood! available for Seasonal Rent at $90,000, offering flexibility for operators or investors evaluating multiple revenue strategies. March 15- October 15 . The current set up will allow for income over $130,000 per season, demonstrating the property's exceptional earning power. Completely renovated in 2021, this turnkey asset delivers immediate cash flow with a strong and proven performance history. The property consists of 14 private rental rooms, 9 full bathrooms, two full kitchens, and a spacious common living room, all thoughtfully designed to support high-demand seasonal rentals. The layout maximizes occupancy and efficiency, making it ideal for investors seeking reliable and scalable income. Located just a short walk to the beach, boardwalk, dining, nightlife, and everything Wildwood has to offer, this unbeatable walkability is a major driver of its consistent seasonal demand and long-term value. Whether you're looking to expand your investment portfolio or acquire a proven shore rental with strong cash flow, 120 E Schellenger Ave represents a rare opportunity to own a high-performing, fully renovated income property in the heart of Wildwood. Available for Sale or Lease purchase also .
Location
State NJ
County Cape May County
Area Wildwood
Zoning PARZ
Location Details Island,Business District
Interior
Interior Features Living Space Available, Restroom, Security Camera
Hot Water Gas
Heating No Heating
Cooling Other (See Remarks)
Flooring Linoleum/Vinyl, Other (See Remarks), Partial Carpet
Exterior
Exterior Feature Security Light/System
Parking Features None
Building
Lot Description Island, Business District
Story 2
Sewer Public
Water Public
Structure Type Other (See Remarks)
Listed by KELLER WILLIAMS REALTY - Washington Twp
NEARBY SCHOOLS & PROPERTIES
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Beata Lagares
Agent | License ID: 1862650