NJ > Wildwood > Wildwood
Wildwood, NJ 08260,5200 ATLANTIC AVE
Wildwood, NJ 08260,5200 ATLANTIC AVE
Wildwood, NJ 08260,5200 ATLANTIC AVE
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$600,000
Est. payment /mo
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3 Beds
2 Baths
1,409 SqFt
Price Dropped by $99K

5200 ATLANTIC AVE Wildwood, NJ 08260

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Hope Greenlee

Hope Greenlee

+1(443) 743-0551

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,409 sqft

Price per Sqft $425

Subdivision Wildwood

MLS Listing ID NJCM2005966

Style Traditional

Bedrooms 3

Full Baths 1

Half Baths 1

HOA Y/N N

Abv Grd Liv Area 1,409

Year Built 1947

Annual Tax Amount $12,571

Tax Year 2024

Lot Size 8,999 Sqft

Acres 0.21

Lot Dimensions 90.00 x 100.00

Property Sub-Type Detached

Source BRIGHT

Property Description

Prime investment opportunity in Wildwood – 5100 & 5200 Atlantic Ave. 5100 Atlantic Ave is a boutique 11-unit hotel, completely renovated in 2020, and 5200 Atlantic Ave is a 3-bedroom home with a 9-car parking lot, just 1.5 blocks from the boardwalk and beach. The hotel, known as 5100 Vacation Club, features fully furnished suites with stainless steel kitchens, private balconies, sleeper sofas, separate electric meters, professional fire/sprinkler systems, ADA access, an in-ground pool, outdoor lounge/BBQ areas, and a dedicated office structure. The 5200 Atlantic property currently serves as the owner's quarters, laundry, and storage but also offers strong redevelopment potential with a matching lot size. Seasonal revenues average $420K with upside of $150K by extending operations beyond Memorial Day to Labor Day, along with long-term value-add through future development. Additional potential includes utilizing the parking lot for a new build with ground-level parking and residential units above. The sale includes both properties, reservation inventory, furniture, fixtures, and equipment, with seller financing available for qualified buyers.

Location

State NJ

County Cape May

Area Wildwood City (20514)

Zoning T

Rooms

Main Level Bedrooms 3

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Fireplace N

Heat Source Natural Gas

Exterior

Parking Features Covered Parking

Garage Spaces 5.0

Fence Partially

Water Access N

View Ocean, Water

Street Surface Gravel,Concrete

Accessibility None

Total Parking Spaces 5

Garage Y

Building

Lot Description Additional Lot(s), Poolside, Private, Rear Yard, Road Frontage, SideYard(s)

Story 1

Foundation Other

Above Ground Finished SqFt 1409

Sewer Public Sewer

Water Community

Architectural Style Traditional

Level or Stories 1

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Wildwood City Schools

Others

Senior Community No

Tax ID 14-00015-00029

Ownership Fee Simple

SqFt Source 1409

Acceptable Financing Cash, Contract, Conventional, Negotiable

Listing Terms Cash, Contract, Conventional, Negotiable

Financing Cash,Contract,Conventional,Negotiable

Special Listing Condition Standard

Bright MLS (BMLS)
Hope Greenlee
Bobbi Evans
R.J. Breeden
Hope Greenlee
Hope Greenlee
Agent License ID: 658745

Phone +1(443) 743-0551

Address 1425 Clarkview Rd, Baltimore, MD, 21209, USA

Website https://hopegreenleerealtor.com/

Hope  Greenlee is a seasoned Realtor with 17 years of experience in the real estate industry. She hails from Baltimore County, is a proud graduate of Parkville High School, and pursued a business degree in Pittsburgh, Pennsylvania. With a background as a Multi-Site Property Manager spanning over two decades across Maryland, Hope has honed her skills and expertise in various facets of real estate. She is a devoted mother to five children and a passionate, market-savvy professional who prioritises her clients' satisfaction and best interests above all else. Hope's approach is characterised by professionalism, patience, and unwavering loyalty, ensuring a seamless and satisfying real estate experience. She is now part of The Breeden Group of Berkshire Hathaway Homesale Realty.

Hope Greenlee

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Phone

+1(443) 743-0551

Address

1425 Clarkview Rd, Baltimore, MD, 21209, USA

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5200 ATLANTIC AVE

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