206 E GLENWOOD AVE, Wildwood, NJ 08260
206 E GLENWOOD AVE, Wildwood, NJ 08260
206 E GLENWOOD AVE, Wildwood, NJ 08260
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Kelly Stipa

Kelly Stipa

+1(267) 249-9000
Listed by Nicole Klein • EXP Realty, LLC
$750,000
Est. payment /mo
3,600 SqFt
Save

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

Read Less Info
Bright MLS (BMLS)

Nearby School & Business

Get More Information

Kelly Stipa

Kelly Stipa

+1(267) 249-9000

REALTOR® License ID: RS226297L

REALTOR® License ID: RS226297L

Name

Name

Phone*

Phone

Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Kelly Stipa, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Neighborhood Property Listing SEARCH