206 E GLENWOOD AVE, Wildwood, NJ 08260
206 E GLENWOOD AVE, Wildwood, NJ 08260
206 E GLENWOOD AVE, Wildwood, NJ 08260
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Listed by Nicole Klein • EXP Realty, LLC
$750,000
Est. payment /mo
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3,600 SqFt
New

206 E GLENWOOD AVE Wildwood, NJ 08260

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Christopher Sooy

Christopher Sooy

+1(856) 985-8900

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 3,600 sqft

Price per Sqft $208

MLS Listing ID NJCM2008216

Style Contemporary

Abv Grd Liv Area 3,600

Year Built 1920

Annual Tax Amount $7,142

Tax Year 2025

Lot Size 3,149 Sqft

Acres 0.07

Lot Dimensions 35.00 x 90.00

Property Sub-Type Detached

Source BRIGHT

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

Area Wildwood City (20514)

Zoning R2

Interior

Hot Water Natural Gas

Heating Baseboard - Hot Water, Baseboard - Electric

Cooling Window Unit(s)

Heat Source Natural Gas, Electric

Exterior

Water Access N

Accessibility Other

Garage N

Private Pool No

Building

Foundation Other

Above Ground Finished SqFt 3600

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Additional Building Above Grade, Below Grade

New Construction N

Schools

Middle Schools Wildwood

High Schools Wildwood H.S.

School District Wildwood City Schools

Others

Tax ID 14-00218-00003 03

Ownership Fee Simple

SqFt Source 3600

Special Listing Condition Standard

Bright MLS (BMLS)

Nearby Locations

Christopher Sooy
Christopher Sooy

REALTOR® License ID: NJ. 1751199 PA. RS353263

+1(856) 985-8900 | cesooy@gmail.com

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206 E GLENWOOD AVE