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Listed price in listed location currency (USD).
$664,000
$649,000

540

MLS® 22427797

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage Yes
Taxes $7,123
Lot Size 0.09 acres
Approx. Age 1907
MLS® Number 22427797

Property Address: 101 W Magnolia Ave, Wildwood, NJ, 08260-2027

Average square foot calculated using Size range provided by listing agent.

Description

UNDER CONTRACT - OPEN HOUSE CANCELLED Income Potential with Room to Grow! Welcome to this charming multifamily property that's not just a home—it's an income-producing machine with serious upside! With three units and a current gross income of around $65, 000 per year, this property is perfect for both seasoned investors and those looking to dive into the rental market. Two units are already rented out to long-term tenants, and there's still tremendous potential for more income. Imagine converting the downstairs unit into two separate spaces or transitioning the two-car garage into something that boosts your bottom line—think rental space or storage! Opportunities like this don't come around often! Recent updates include a brand new water main connection, new water pipes, two new furnace units, a new AC in the downstairs unit, and a tankless water heater. Plus, the downstairs unit has had a facelift with new cabinets, vinyl flooring, fresh paint, and trim. Did we mention that two of the three units come fully furnished? This property is practically turn-key, making it easy for you to start generating income from day one. With off-street parking, a garage, and the chance to increase revenue streams, this is a rare find. Take advantage of historically low rents and align them with the market to maximize your investment. Whether you're looking for a smart investment or a great way to live and earn, this property offers the perfect combination of comfort and financial potential. Don't miss outthe upside is calling!
MLS® Number22427797
Laundry Level
Central VacNo
FireplaceNo
Acreage0.09
Exterior
GarageYes
Approx. Age1907
BasementCrawl Space
Driveway
Garage Spaces2
Heat
A/C
Heating Fuel

Extras

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Price History

Sep 27, 2024End Date
$664,000Sold Price

Sold

Sep 24, 2024List Date
$649,000List Price
  • Commute

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Starting Address
Destination Address
101 W Magnolia Ave, Wildwood, NJ

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