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! |
