217-221 E Burk Ave, Wildwood, NJ 08260
Cape May County
Key Facts
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 Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
2 Story
Year Built
1960
Stories
2
Living Area
6,000 sq ft
Days on Market
35
MLS® Listing#
606440
Property Features
Appliances
Heating
Construction
Sewer
Water Source
Financial Details
Annual Taxes
$31,149
Affordability Calculator
$479,000
Estimated monthly payment
$12,747/mo
Principal $1,916,000 · Est. interest $2,672,990 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Wildwood, NJ
- $665,385
- Median Listing Price
- 79
- Median Days on Market
- 1,442
- Median Sq Ft
- $555
- Median Price / Sq Ft
- 89
- Active Listings
- This home’s price is 260% above the area median.
- Its price per sq ft is 28% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Wildwood, NJ.
Location
Points of Interest in Wildwood, NJ
Showing the Wildwood area map.
Nearby Schools
Glenwood Elementary
Elementary · 0.1 mi away
Wildwood High School
Secondary · 0.1 mi away
St Ann's Regional School
Secondary · 0.8 mi away
Glenwood Avenue Elementary School
Elementary · 0.8 mi away
For Kids Only
School · 1.1 mi away
Central Bible Church
School · 1.3 mi away
Wildwood Catholic High School
Secondary · 1.4 mi away
Cape Trinity Catholic
School · 1.4 mi away
Margaret Mace Elementary School
Elementary · 1.6 mi away
Crest Memorial School
Elementary · 2.1 mi away
Academy Charter School - Uniondale
School · 3.9 mi away
Lower Cape May Regional High School
Secondary · 4.6 mi away
Cape Christian Academy
School · 5.2 mi away
Lower Township Elementary School
Secondary · 5.5 mi away
Lower TWP. Elementary School District
Elementary · 5.5 mi away
Mitnick School
Elementary · 5.5 mi away
Maud Abrams School
Elementary · 5.6 mi away
Stone Harbor Elementary School
Elementary · 6.0 mi away
Country School
School · 6.1 mi away
Cape May Board of Education
School · 6.1 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 217-221 E BURK AVENUE, WILDWOOD, NJ | $2,295,000 | 17 | — | 6,000 |
| 217-221 E BURK AVENUE, WILDWOOD, NJ | $2,395,000 | 17 | 9 | 6,000 |
Moving Cost Estimate
EXIT Agents in Wildwood
Listing Courtesy: Prime Realty Partners - 8562103000