233 E Juniper Avenue, Wildwood, NJ 08260 listing details

About 233 E Juniper Avenue, Wildwood, NJ 08260 Looking for an investment property with tons of upside potential? Perhaps you are a seasonal business owner looking to house your employees. This apartment house and separate motel can sleep between 30-35 people. The opportunity for income and positive cash flow is tremendous. The apartment house was Casey s Magic Rest Apartments and family owned and operated for several years. Sadly, this is now an estate sale and a chance to breath life back into this great property. The main house consists of five units, three of which have heat for year round occupancy. The main house can generate approximately $29,500 seasonally and an additional $5000 could be captured in winter rentals. The three motel units can generate approximately $11,100 seasonally. This property is located at one of the highest points on the island and did NOT get any water above the curbs during super storm Sandy. 2013 expense info, income info and seller disclosure located in associated documents. Easy to show with notice as a courtesy to the occupants. The vacant lot (60 x81 ) located at 237 East Juniper is available for purchase. Please call for details.