2910 Ocean Avenue, Wildwood NJ

BACK TO SEARCH RESULTS

2910 Ocean Avenue, Wildwood, NJ - Active

For Sale: $1,369,000

Type: Mixed Use

Lot: 5401 DOM: 38 Days

VIEW ALL
PROPERTY PICTURES

REQUEST
PROPERTY INFORMATION

SHOW ME
CLOSE BY LISTINGS

PROPERTY DESCRIPTION

Exceptional workforce housing investment opportunity just one block from the beach and boardwalk in one of the Jersey Shore s most in-demand seasonal employment markets. This 14-bedroom, 11-bath property is fully configured for J1 and seasonal employee housing, offering strong existing cash flow with additional upside potential. The property currently accommodates 42 beds across multiple bunk-style rooms, with the ability to expand to 48 beds to further increase revenue. Designed for efficient high-occupancy operation, the property features secure keypad room entry, a spacious common kitchen and dining area, and a highly functional bathroom layout. The second floor includes 8 private shower stalls and 8 private toilet stalls, while the first floor offers two full bathrooms, plus an additional full bathroom within the 2-bedroom apartment. Current operations generate approximately $139,200 in gross annual income, reflecting a 7.09% cap rate based on current operations. Income is derived from seasonal workforce housing revenue averaging approximately $175 per bed, per week, over a 16-week season, in addition to rental income from the 2-bedroom, 1-bath apartment, which is currently rented for $1,800 per month. Situated on a 60x90 corner lot, the property also features 14 off-street parking spaces and large front porches on both levels, adding to the property s functionality and appeal for tenants. An outstanding opportunity for investors, operators, or employers seeking a proven income-producing asset with expansion potential in a prime shore location.

PROPERTY FEATURES

Patio
Deck
Living Room
Kitchen
Eat In Kitchen
Pantry
Heating:Electric
Assigned Parking
Concrete Driveway
Heater:Electric
Cooling:Other

PROPERTY MAP VIEW

ADDITIONAL PROPERTY PICTURES

Request Property Information - 2910 Ocean Avenue, Wildwood NJ

0 Bedroom(s) | 0 Bathroom(s) | For Sale: $1,369,000 | MLS Number: 261237 |
Property Type: Mixed Use
Provided by: The Sudell Team - www.guysudell.com
(Information Above Will Appear at the Top of the Email that is Sent to The Sudell Team)








SUBMIT

Let The Sudell Team be your buyer agent for this listing. Listing is provided by DON MARTIN REALTY, INC. The data relating to real estate for sale on this web page appears in part through the Cape May County MLS program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which we participate, and is provided by Cape May County MLS through a licensing agreement. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to change, withdrawal, or prior sale.

The Sudell Team - Serving Avalon and Stone Harbor New Jersey