See all 24 photos
24 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$1,200,000
Est. payment /mo
9 Baths
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 604587
Style Comm. w/Apartments,Hotel,Motel,Other (See Remarks)
Year Built 1960
Annual Tax Amount $8,588
Tax Year 2025
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.
Location
State NJ
County Cape May
Community Wildwood
Area Wildwood City
Location Details Business District,Island,See Remarks
Rooms
Basement Slab
Interior
Interior Features Restroom
Heating No Heating
Flooring Carpet-Partial, Linoleum/Vinyl, Other (See Remarks)
Exterior
Exterior Feature Security Light/System
Parking Features None, Other (See Remarks)
Roof Type Asphalt,Pitched
Building
Story 2
Sewer Public Sewer
Water Public
Read Less Info
Listed by KELLER WILLIAMS REALTY-WASHINGTON TWP
NEARBY SCHOOL & BUSINESS