120 E Schellenger Ave, Wildwood, NJ 08260

$1,200,000

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List Price
$1,200,000
Price Change
▼ $175,000 1774549764
Days on Market
169
Status
ACTIVE
MLS#
604587
Year Built
1960
County
Cape May

Property 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.

Additional Information

Area
Wildwood City
Taxes
$8,588
Interior Features
Restroom
Exterior Features
Security Light/System
Heating
No Heating
Cooling
Window Units
Roof
Asphalt, Pitched
Water
Public
Sewer
Public Sewer

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Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of KELLER WILLIAMS REALTY-WASHINGTON TWP. Contact:

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional Multiple Listing Service. Real Estate listings held by brokerage firms other than The Quintin Group are marked with the Broker Reciprocity logo (a little black house) and detailed information about them includes the name of the listing brokers.

Information is deemed accurate but not guaranteed.

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