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206 E Glenwood Avenue, Wildwood NJ -
Active
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For Sale: $750,000
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| Beds: 12 Baths: 4 Type: Four-Plex |
| Lot: 1 to 6000 SqFt DOM: 14 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!
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| PROPERTY FEATURES |
- Deck
- Waterview
- Living Room
- Kitchen
- Heating:Electric
- Heater:Electric
- Cooling:Other
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| PROPERTY MAP VIEW |
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| ADDITIONAL PROPERTY PICTURES |
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Request Property Information - 206 E Glenwood Avenue, Wildwood NJ
12 Bedroom(s) | 4 Bathroom(s) |
For Sale:
$750,000
| MLS Number: 262856 |
Property Type: Four-Plex
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) |
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| Let THE DIPESO GROUP be your buyer for this listing. LISTING IS PROVIDED BY eXp REALTY. 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. |
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