Map
Listed price in listed location currency (USD).
$750,000

000

MLS® 612606

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage 
Taxes $7,143
Days Active 12
Lot Size 
Approx. Age 1920
MLS® Number 612606

Property Address: 206 E Glenwood Ave, Wildwood, NJ, 08260-4907

Average square foot calculated using Size range provided by listing agent.

Description

ATTENTION INVESTORS, DEVELOPERS & FIX-AND-FLIPPERS! RARE 4-UNIT CONDO CONVERSION OPPORTUNITY just two blocks from the Wildwood Beaches & Boardwalk! Tremendous investment with condo approval already in place and Master Deed completed! Renovate and resell individual condos, fix and flip, or hold as an income-producing investment. Featuring 4 units. UNIT BREAKDOWN & RENTAL INCOME: Unit 1 (First Floor): 2BR/1BA – $1, 900/month (occupied); Unit 2 (Second Floor): 3BR/1BA – $2, 100/month (vacant, estimated rent); Unit 3 (Third Floor): 5BR/1BA – $2, 250/month (occupied); Unit 4 (Detached Cottage): 2BR/1BA – $1, 600/month (vacant, estimated rent). CURRENT RENTAL INCOME: $4, 150/MONTH | PROJECTED RENTAL INCOME: $7, 850/MONTH or $94, 200 ANNUALLY! One unit has already been updated. Seller reports separate gas, electric, and water meters for all units. An opportunity with multiple investment and resale strategies!
MLS® Number612606
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1920
Basement
DrivewayPARKING - EXTERIOR: None, Garage: None
Garage Spaces
HeatElectric
A/C

Extras

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