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206 E Glenwood Avenue, Wildwood, NJ - ACTIVE

For Sale: $750,000
MLS: 262856     Beds: 12     Baths: 4     Half Baths: 4     Type: Four-Plex    Lot: 1 to 6000 SqFt     Taxes: $7142     DOM: 10

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206 E Glenwood Avenue - Picture 1

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 & AMENITIES
  • Deck   
  • Waterview   
  • Living Room   
  • Kitchen   
  • Heating:Electric   
  • Heater:Electric  
  • Cooling:Other  
  • Public  
PROPERTY MAP & AERIAL VIEW
Last Database Update: 02/13/2023
ADDITIONAL PROPERTY PICTURES

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: J&J Coastal Luxury Homes - www.jjcoastalhomes.com

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Let J&J COASTAL LUXURY HOMES be your buyer's agent 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.
J&J Coastal Luxury Homes | The Craig Soens Team | Ferguson Dechert Real Estate
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