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$699,000
Listing Price3beds
2baths
1,409sqft
8,999sqft lot
5200 Atlantic Ave, Wildwood, NJ 08260
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Full foreclosure details
Home value, equity and ownership info
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For Sale
Off Market
Home type
Price / sqft
Year built
Home Details
prime investment opportunity in wildwood 5100 u0026 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 owners 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. offered at $4,899,000, the sale includes both properties, reservation inventory, furniture, fixtures, and equipment, with seller financing available for qualified buyers.
Interior Details
1409
3
2
Has Heating:
No
Heating Type:
N/A
Has Cooling:
No
Cooling Type:
N/A
Has Fuel:
No
Fuel Type:
N/A
Has Basement:
No
Basement Type:
N/A
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
8999
No
No
Type:
N/A
Location:
N/A
Status:
N/A
Number of Spaces:
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Construction Details
N/A
Brick
N/A
N/A
N/A
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2020
$11,268
$313,000
$105,900
--%
$418,900
2019
$10,866
$313,000
$105,900
--%
$418,900
2018
$10,468
$313,000
$105,900
--%
$418,900
2017
$10,028
$313,000
$105,900
--%
$418,900
2016
$9,735
$313,000
$105,900
--%
$418,900
2013
$10,375
$313,000
$105,900
--%
$418,900
2013
$10,375
$444,000
$82,400
--%
$526,400
2012
$10,191
$444,000
$82,400
--%
$526,400
Average Home Price in 08260
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