25
See all 25 photos
$750,000
Est. payment /mo
12 Beds
4 Baths
3,600 SqFt
Active
206 E Glenwood Avenue Wildwood, NJ 08260
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Key Details
Property Type Multi-Family
Sub Type Four-Plex
Listing Status Active
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $208
MLS Listing ID 262856
Bedrooms 12
Year Built 1920
Annual Tax Amount $7,142
Tax Year 2025
Lot Dimensions 3,149
Property Sub-Type Four-Plex
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!
Location
State NJ
County Cape May County
Area Wildwood
Zoning R2
Rooms
Other Rooms Living Room, Kitchen
Interior
Hot Water Electric
Heating Electric
Cooling Other
Exterior
Exterior Feature Deck, Waterview
Building
Sewer Public
Water Public
New Construction No
Listed by eXp REALTY
NEARBY SCHOOL & BUSINESS
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Zack Grimmer
Associate Broker | Team Leader | REALTOR | Mortgage Loan Officer License ID: RS346782 | 1973175 | BK359849