238 E Leaming Avenue, Wildwood - UNDER CONTRACT

For Sale: $1,097,777
MLS: 260215       Beds: 12       Baths: 6       Type: Other       DOM: 30 Days

Amazing Location just a couple blocks to the World Famous Wildwood Beaches, Boardwalk just a few Blocks to Wildwood Crest. There are 2 Buildings that Make up this 6 Unit Complex. The Front Building is 4 Units with 2 on the Upper floor that enjoy Ocean Views and 2 on the First Floor. The apartments are bright and airy. Each feature 2 bedrooms tastefully decorated and are being sold fully furnished as seen. This home has its own private patio area and may also take advantage of the common picnic area between the 2 houses. There is Luxury vinyl plank flooring for convenient cleanup and to protect against sand and water brought back from the beach and an outdoor shower. Also conveniently located near the convention center, you may take advantage of all of the events in the shoulder seasons as well that are put on at that venue. The Owners have all of the Condo Docs, Surveys and exemptions needed should you decide to convert these to condominiums. The owners were going to sell individually and have been working on the units. 2024 the property grossed $104,000 with very little effort or Marketing. The $25,000/unit should be easily attained and should the properties be pushed a bit more and rented over the fall and winter, you could expect another 10k/unit. Properly run, this property should see north of $200k/year.

PROPERTY FEATURES & AMENITIES

Patio   Deck   Enclosed/Cov. Patio   Porch   Storage Building   Cable TV   Sidewalks   Outside Shower   Living Room   Kitchen   Dining Area   Laundry/Utility Room   Heat Fuel:Electric   Heat Fuel:Baseboard   Water Heater:Gas   Basement:Crawl Space   3 Car   Concrete Driveway   Cooling:Wall Air Conditioning   City

PROPERTY MAP VIEW

Last Database Update: 04/17/2026 03:30:28

Request Property Information - 238 E Leaming Avenue, Wildwood 12 Bedroom(s)   |   6 Bathroom(s)   |    For Sale: $1,097,777   |   MLS Number: 260215   |   Property Type: Other Provided by: The DiPeso Group - www.dipesogroup.com (Information Above Will Appear At The Top Of The Email That Is Sent to The DiPeso Group)

Let THE DIPESO GROUP be your buyer for this listing. LISTING IS PROVIDED BY LONG & FOSTER REAL ESTATE, INC nwnj. 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.