Single Family Residence For Sale - 206 E GLENWOOD AVE, WILDWOOD, NJ 08260

206 E GLENWOOD AVE, WILDWOOD, 08260, NJ
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Explore this Property

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# NJCM2008216
EXP Realty, LLC
Active For Sale Multifamily
$750,000
• 3600 sqft
Single Family Residence
Detached
1920 Year built
3 days on market

Property Features

Area
3600
Type
MLF
Acres
0.07
Style
Contemporary
Cooling
Window Unit(s)
Heating
Baseboard - Hot Water,Baseboard - Electric
Lot Size
35.00 x 90.00
Sub Type
SingleFamilyResidence
Year Built
1920
Area Source
Estimated
Foundation
Other
Sub Type Text
Detached
Construction
Wood Siding,Vinyl Siding
Accessibility
Other
Lot Size Area Units
Square Feet

Location

Directions: From Atlantic Ave turn onto Glenwood Ave

Market Area: Wildwood City (20514)

Schools

District
WILDWOOD CITY SCHOOLS
High School
WILDWOOD H.S.
Middle School
WILDWOOD

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