120 E Schellenger Ave, Wildwood, NJ 08260

$1,200,000

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List Price
$1,200,000
Price Change
▼ $175,000 1774549800
Days on Market
170
Status
ACTIVE
MLS#
NJCM2006732
Lot Size (Acres)
0.09
Year Built
1960
County
Cape May
School District
Wildwood City Schools

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 seller currently nets approximately $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 (20514)
Subdivision
Wildwood City
Taxes
$8,588
Flooring
Carpet, Ceramic Tile, Luxury Vinyl Plank
Heating
None
Cooling
Window Unit(s)
Roof
Pitched, Asphalt, Shingle
Water
Public
Sewer
Public Sewer

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Keller Williams Realty - Washington Township. Contact: (856) 582-1200