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206 E Glenwood Avenue, Wildwood, NJ - Active
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For Sale: $750,000
Beds: 12     Baths: 4
Type: Four-Plex
    Lot: 3,149     DOM: 13 Days
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PROPERTY 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!
PROPERTY FEATURES
  • Deck 
  • Waterview 
  • Living Room 
  • Kitchen 
  • Heating:Electric 
  • Heater:Electric 
  • Cooling:Other 
PROPERTY MAP VIEW
ADDITIONAL PROPERTY PICTURES
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Request Property Information - 206 E Glenwood Avenue, Wildwood NJ

  For Sale: $750,000   |   MLS Number: 262856  
Lot: 1 to 6000 SqFt | DOM: 13 Days  
Provided by: Keller Williams Jersey Shore - www.kwjerseyshorerentals.com

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