500 W Glenwood Avenue,West Wildwood NJ

Holly Rennie - Vacation Home Real Estate

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500 W Glenwood Avenue, West Wildwood NJ - Active

For Sale: $949,000

Beds: 8 Baths: 4

Type: Other

Lot: 4818 sqft DOM: 0 Days

PROPERTY DESCRIPTION

INVESTMENT & DEVELOPMENT OPPORTUNITY IN WILDWOOD! Located just steps from the bay, 500 W. Glenwood Avenue offers more than 3,800 sq. ft. of living space and tremendous potential for investors, developers, and builders. Currently configured as a triplex, the property features three spacious units a 3-bedroom 2-full-bath apartment, a 3-bedroom 1-bath apartment, and a 2-bedroom 1-bath apartment. The property has been operated as a rental investment, generating approximately $70,000 in combined annual rental income. With its desirable Wildwood location near the bay, this property offers multiple possibilities for the next owner. Renovate and reposition the existing units as an income-producing rental property, explore the potential for condominium conversion, or redevelop the site with new construction. The property will be delivered vacant and sold strictly AS-IS, giving the new owner the flexibility to begin renovations or redevelopment without existing tenant occupancy. A rare opportunity to acquire a large multi-unit property in Wildwood with existing income history, more than 3,800 sq. ft. of living area, and significant value-add and redevelopment potential. Ideal for the investor or builder looking to capitalize on one of the Jersey Shore s most popular destinations. Buyer responsible for conducting all due diligence regarding permitted uses, zoning, condominium conversion, redevelopment, and new construction possibilities with the appropriate municipal authorities. Sellers Disclosure available on request.

PROPERTY FEATURES

Heating:Electric
Heating:Baseboard
Parking Pad
Heater:Electric
Cooling:Window Air Conditioning

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ADDITIONAL PROPERTY PICTURES

Request Property Information - 500 W Glenwood Avenue, West Wildwood NJ

8 Bedroom(s) | 4 Bathroom(s) | For Sale: $949,000 | MLS Number: 263254
Property Type: Other
Provided by: Holly Rennie - www.hollyrennie.com
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Let HOLLY RENNIE with FERGUSON DECHERT REAL ESTATE be your buyer for this listing. Listing is provided by SERHANT. The data relating to real estate for sale on this web page appears in part through the Cape May County MLS program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which we participate, and is provided by Cape May County MLS through a licensing agreement. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to change, withdrawal, or prior sale.

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