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217-221 Burk Ave 6,000 SF Industrial Condo Unit Offered at $3,232,462 CAD in Wildwood, NJ 08260
Executive Summary
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.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User |
| Sale Type | Investment or Owner User |
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 217-221 | 6,000 SF | Industrial | $3,232,462 CAD ($538.74 CAD/SF) | - |
Unit 217-221
| Unit Size |
| 6,000 SF |
| Condo Use |
| Industrial |
| Price |
| $3,232,462 CAD ($538.74 CAD/SF) |
| NOI |
| - |
Unit 217-221
| Unit Size | 6,000 SF |
| Condo Use | Industrial |
| Price | $3,232,462 CAD ($538.74 CAD/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| 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.</li></ul> | |
| Sale Notes | |
| Reach out to the listing agent for the current and last years rent roll.</li></ul> |
Property Facts
| Total Building Size | 6,000 SF | Typical Floor Size | 3,000 SF |
| Property Type | Multifamily (Condo) | Year Built | 1960 |
| Property Subtype | Apartment | Lot Size | 0.18 AC |
| Building Class | C | Opportunity Zone |
Yes
|
| Floors | 2 | ||
| Zoning | PARZ - 9 Condominiums and one Lot all in one sale | ||
| Total Building Size | 6,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 3,000 SF |
| Year Built | 1960 |
| Lot Size | 0.18 AC |
| Opportunity Zone |
Yes |
| Zoning | PARZ - 9 Condominiums and one Lot all in one sale |
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217-221 Burk Ave
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