206 E Glenwood Avenue
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!
Broker Details
eXp Realty, LLC (866) 201-6210
MLS ID: 7521 State License Number: 2299586
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $750,000 |
| No. of Units: | 4 |
| Year Built: | 1920 |
| Opportunity Zone: | No |
| Price per unit: | $187,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 12 |
| Number of Bathrooms: | 4 |
ID: 3yd-CMCAORNJ-262856
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