Residential Income in Wildwood

$750,000

206 Glenwood, 08260, Wildwood, NJ

Residential Income for sale in Wildwood, 206 Glenwood, 08260

206 Glenwood, 08260, Wildwood, NJ

$750,000

12Bed
4Bath
Type: Residential Income

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!

Agent Information

Location

206 Glenwood, 08260, Wildwood, NJ

Data

Object TypeResidential Income
Purchase Price$750,000
Living Space0 m²
Plot SizeN/A
Bathrooms4
Construction Year1920
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeElectric
Primary Energy SourceN/A
Construction Year1920
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

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