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About the Listing EXPREAL1 - 3365637,3190455
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!
Listing Highlights for 206 E Glenwood Ave
Status
Active
Days on Site
36
Property Type
Multi-Family
MLS ®
NJCM2008216
Year Built
1920
Total Square Footage
3,600
Lot/Acreage
0.07
County
Cape May
School District
Wildwood City Schools
Middle School
Wildwood
High School
Wildwood H.S.
Interior Details
- Bedrooms: 7
- Bathrooms: 4 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Baseboard - Hot Water,Baseboard - Electric
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 3600
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 35.00 x 90.00
- Zoning: R2
- Roof:
- Others: Average
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $7,142
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Listing Location
Questions About..
206 E Glenwood Ave Wildwood, NJ 08260
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