206 E Glenwood Avenue, Wildwood NJ |CMCMLS| Cape May County Association of Realtors

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206 E Glenwood Avenue, Wildwood, NJ - Active

For Sale: $750,000

Beds: 12 Baths: 4

Type: Four-Plex

Lot: 3,149 DOM: 21 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

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ADDITIONAL PROPERTY PICTURES

Listing is provided by eXp REALTY, Nicole Klein, 866-201-6210. 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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