120 E Schellenger, Wildwood, NJ 08260
Cape May County
Key Facts
Description
Exceptional Income-Producing Opportunity in the Heart of Wildwood! Welcome to 120 E Schellenger Ave, a rare and fully renovated 14-private-room seasonal rental property offering outstanding income potential in one of the Jersey Shore’s most desirable locations. 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. The property is currently set up to generate over $130,000. per season, demonstrating the property’s exceptional earning power. The property is also available for seasonal rent at $90,000, offering additional flexibility for operators or investors evaluating multiple revenue strategies. 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.
Property Information
Property Type
Commercial Sale
Sub-Type
Hotel/Motel
Style
Comm. w/Apartments / Hotel / Motel / Other (See Remarks)
Year Built
1960
Stories
2
Living Area
3,360 sq ft
Days on Market
96
MLS® Listing#
604587
Property Features
Cooling
Heating
Flooring
Construction
Roof
Security
Sewer
Water Source
Financial Details
Annual Taxes
$8,588
Affordability Calculator
$240,000
Estimated monthly payment
$6,387/mo
Principal $960,000 · Est. interest $1,339,285 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Wildwood, NJ
- $668,000
- Median Listing Price
- 81
- Median Days on Market
- 1,442
- Median Sq Ft
- $555
- Median Price / Sq Ft
- 87
- Active Listings
- This home’s price is 80% above the area median.
- Its price per sq ft is 36% 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
St Ann's Regional School
Secondary · 0.3 mi away
Glenwood Avenue Elementary School
Elementary · 0.3 mi away
Glenwood Elementary
Elementary · 0.4 mi away
Wildwood High School
Secondary · 0.4 mi away
For Kids Only
School · 0.6 mi away
Central Bible Church
School · 0.9 mi away
Wildwood Catholic High School
Secondary · 1.0 mi away
Cape Trinity Catholic
School · 1.0 mi away
Margaret Mace Elementary School
Elementary · 1.2 mi away
Crest Memorial School
Elementary · 2.6 mi away
Academy Charter School - Uniondale
School · 3.9 mi away
Cape Christian Academy
School · 4.9 mi away
Lower Cape May Regional High School
Secondary · 4.9 mi away
Stone Harbor Elementary School
Elementary · 5.5 mi away
Middle Township Middle School
Elementary · 5.8 mi away
Middle Township Elementary School #1
Elementary · 5.8 mi away
Lower Township Elementary School
Secondary · 5.8 mi away
Lower TWP. Elementary School District
Elementary · 5.9 mi away
Mitnick School
Elementary · 5.9 mi away
Middle Township High School
Secondary · 5.9 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 |
|---|---|---|---|---|
| 33-35-37 West BOARDWALK W GRASSY SOUND AREA, NORTH WILDWOOD, NJ | $899,971 | 2 | 1 | 1,492 |
| 323 E Oak 101, Wildwood, NJ | $899,999 | 4 | — | 1,741 |
| 6109 ATLANTIC AVENUE 100, WILDWOOD CREST, NJ | $995,777 | 6 | 5 | 3,160 |
| 323 E Oak 201, Wildwood, NJ | $999,999 | 4 | — | 1,741 |
| 3506 HUDSON AVENUE 1, WILDWOOD, NJ | $999,999 | 4 | 4 | 3,513 |
| 120 E SCHELLENGER AVENUE, WILDWOOD, NJ | $1,200,000 | 14 | 9 | 3,360 |
Moving Cost Estimate
EXIT Agents in Wildwood
Listing Courtesy: KELLER WILLIAMS REALTY-WASHINGTON TWP - 8565821200