$750,000

House for sale Wildwood
Property photo number 1 of 16 Photos for Property. File  106446524_29_7308576b014c4ed8cb788ae9e485bee2.jpeg

Overview

SUMMARY: Discover an opportunity with this Wildwood house for sale and available for $750,000. This could be your next ideal home or a smart investment. More details await.
ATTENTION INVESTORS, DEVELOPERS and FIX-AND-FLIPPERS! RARE 4-UNIT CONDO CONVERSION OPPORTUNITY just two blocks from the Wildwood Beaches and 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 and 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!
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Details

  • Reference No.: 97497361
  • Area: 3,600 sqft

Location

Marketed by:

  • Nicole Klein
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