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419 E Magnolia Avenue

Wildwood, NJ 08260
  • $1,050,000
  • STATUS: Closed
  • ON SITE: 403 Days
  • MLS #: 231603
Sold - 12/15/2023
$1,050,000
SOLD - 12/15/2023
  • 0
    BEDS
  • 1 to 6000 SqFt
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1961
Area:

School Ratings & Info

Description

***Investor Alert**** This 4 unit Cash Cow generates over $120,000 per season in Gross Rents! A True Money Machine just a few steps to our Beautiful Beaches and the Heart of the World Famous Wildwood Boardwalk with All the attractions it has to offer including Morey's Amazing Amusement Piers, Endless Options for Dining & Entertainment, Bike Riding, Mini-Golf, Several Huge Water Parks, Country Music Festivals, Car Shows, Parades and so much more!!! The Season is long and demand for rentals extends well in the Fall Shoulder Season. Officially, the property includes 4 units. The Huge 2nd Floor Penthouse unit includes 4 spacious bedrooms with 2 Full tiled baths, a Wide Open Living Area and dedicated Dining area with direct access to an outdoor deck to accommodate Large Families and Groups. The Kitchen is Gorgeous Featuring Plush Granite Tops & Center Island, Stainless Steel Appliances, Attractive White Cabinetry complete with Elegant Crown Molding and Recessed Lighting. The flooring in All the units is upgraded hard surface flooring with tile flooring in all the bathrooms. Each unit has window A/C and Baseboard Heating. The remaining 3 Ground Floor units are Efficiency Rooms each with a tiled bathroom, window A/C and Baseboard Heating. The owners are currently seeking approvals to expand 1 of the efficiency rooms into a 2 Bedroom unit which should generate an additional $10K - $15K in Gross rents per season. For added convenience, there is an outside shower, 2 Clothes Washers & Dryers, common back yard and a parking pass for each unit. The parking passes are purchased each year by the property owners. See the associated documents in MLS for a Seller Property Disclosure and Non-Disclosure Agreement. Agents: see MLS addendum for more details.

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Listing information © 2024 Cape May County Association of REALTORS® Multiple Listing Service. Information is deemed reliable but is not guaranteed accurate by the MLS or The Oceanside Realty Team | Keller Williams Jersey Shore. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-07-23T23:49:31.22.
www.theoceansiderealtyteam.com/homes/140669253
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419 E Magnolia Avenue Wildwood, NJ 08260

  • Price: $1,100,000
  • Status: Closed
  • On Site: 403 Days
  • MLS #: 231603
0
Beds
0
Baths
0
½ Baths
1 to 6000 SqFt
Acres
1961
Built
Neighborhood:
14-Wildwood City
Area:
Wildwood
Property Description
***Investor Alert**** This 4 unit Cash Cow generates over $120,000 per season in Gross Rents! A True Money Machine just a few steps to our Beautiful Beaches and the Heart of the World Famous Wildwood Boardwalk with All the attractions it has to offer including Morey's Amazing Amusement Piers, Endless Options for Dining & Entertainment, Bike Riding, Mini-Golf, Several Huge Water Parks, Country Music Festivals, Car Shows, Parades and so much more!!! The Season is long and demand for rentals extends well in the Fall Shoulder Season. Officially, the property includes 4 units. The Huge 2nd Floor Penthouse unit includes 4 spacious bedrooms with 2 Full tiled baths, a Wide Open Living Area and dedicated Dining area with direct access to an outdoor deck to accommodate Large Families and Groups. The Kitchen is Gorgeous Featuring Plush Granite Tops & Center Island, Stainless Steel Appliances, Attractive White Cabinetry complete with Elegant Crown Molding and Recessed Lighting. The flooring in All the units is upgraded hard surface flooring with tile flooring in all the bathrooms. Each unit has window A/C and Baseboard Heating. The remaining 3 Ground Floor units are Efficiency Rooms each with a tiled bathroom, window A/C and Baseboard Heating. The owners are currently seeking approvals to expand 1 of the efficiency rooms into a 2 Bedroom unit which should generate an additional $10K - $15K in Gross rents per season. For added convenience, there is an outside shower, 2 Clothes Washers & Dryers, common back yard and a parking pass for each unit. The parking passes are purchased each year by the property owners. See the associated documents in MLS for a Seller Property Disclosure and Non-Disclosure Agreement. Agents: see MLS addendum for more details.
Exterior Features

Location Beach BlockIslandWater View Lot Size 32 X 90 Outside Features PatioDeckPorchCable TVSidewalksOutside ShowerWaterview

Interior Features

Also Included ShadesBlindsFurniture Basement Slab Cooling ElectricCeiling FanWall Air Conditioning Heating Gas NaturalBaseboardHot WaterMulti-Zoned Hot Water Gas Other Rooms Living RoomKitchenDining AreaPantryLaundry/Utility RoomStorage Space Unit1 Baths 1 Unit1 Bedrooms 0 Unit2 Baths 2 Unit2 Bedrooms 4 Unit3 Baths 1 Unit3 Bedrooms 0 Unit4 Baths 1 Unit4 Bedrooms 0

Property Features

Available Income Expense InfoLease Information Bank Owned No Bay Proximity 4 Blocks Beach Proximity 1 Block Financing Conventional Multifamily Type Four-Plex Near BoardwalkBeach New Construction No Possession closing Sewer City Subject To Third Party Approval No Suitable For Multi Family+Rooms Tax Year 2022 Taxes 9217 Unit1 Number 1 Unit2 Number 2 Unit3 Number 3 Unit4 Number 4 Water City Zoned Commercial

© 2024 Cape May County Association of REALTORS® MLS. All Rights Reserved.
Listing provided courtesy of RE/MAX SURFSIDE - WC: 609-523-9494.


Listing information © 2024 Cape May County Association of REALTORS® Multiple Listing Service. Information is deemed reliable but is not guaranteed accurate by the MLS or The Oceanside Realty Team | Keller Williams Jersey Shore. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-07-23T23:49:31.22.
 
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5501 New Jersey Avenue
Wildwood Crest NJ, 08260