BEDS8
BATHS4 full
SQUARE FEET3,828
MLS#NJCM2008394
STATUSACTIVE
PROPERTY TYPEResidential - Single Family
SUBDIVISIONWEST WILDWOOD
SCHOOLWILDWOOD CITY SCHOOLS
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.
Property Features
Property Type: Residential - Single Family
Cooling: Central A/C, Window Unit(s)
Fuel Type: Electric
Heating: Baseboard - Electric
Lot Size: 0.11 Acres
Stories: 2.0
Taxes: $8,657
Year Built: 1960
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Appliances: Built-In Microwave, Dishwasher, Dryer - Electric, Microwave, Oven/Range - Electric, Refrigerator, Washer, Water Heater
Electric: 100 Amp Service
Exterior: Block, Vinyl Siding, Tile
Interior: Attic, Bathroom - Tub Shower, Ceiling Fan(s)
Lake Name: Back Bay West Wildwood
Location: Bayblock
Lot: Corner
Lot Dimensions: 0.11 Acre(S)
Municipality: WEST WILDWOOD BORO
Number of Rooms: 20
Parking Features: Paved Driveway
Parking Notes: 3 Total Parking Spaces
Pet Restrictions: No Pet Restrictions
Sewer: Public Sewer
Special View Info: Bay, Water
SQFT Above Finished: 3828
SQFT Total Finished: 3828
Structure Type: Detached
Total Garage/Parking Spaces: 3
Utilities: Cable TV, Electric Available, Natural Gas Available, Sewer Available, Water Available
Water: Public
Local Schools
School District: WILDWOOD CITY SCHOOLS
Listed By / Shown By
Listed By
Agency Name: SERHANT. New Jersey LLC
Agency Phone: 6094942800
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 3,110.27 per month $2,112.06 Principal & Interest $721.42 Property Tax $276.79 Homeowner's InsuranceChange Payment Information
500 W Glenwood Avenue | MLS# NJCM2008394
This single family home located at 500 W Glenwood Avenue , Wildwood, NJ 08260 is currently listed for sale with an asking price of $949,000. This property was built in 1960 and has 8 bedrooms and 4 full baths with 3828 sq. ft. W Glenwood Avenue is located in the WEST WILDWOOD subdivision within the WILDWOOD CITY SCHOOLS school district. Search WEST WILDWOOD real estate on www.realtymarkllc.com today.