101 W Magnolia Avenue Wildwood, NJ 08260
UNDER CONTRACT - OPEN HOUSE CANCELLED Income Potential with Room to Grow! Welcome to this charming multifamily property thatâs not just a homeâitâs 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 thereâs 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 lineâthink 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 youâre 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 outâthe upside is calling!
- Property TypeMulti-Family
- NeighborhoodWildwood City
- CountyCape May
- Taxes$6,887
- HOA/Condo/Coop Fees$0
- Days on Site25 Days
- MLS StatusPending
- MLS ID Number242846
- Home Size Source N/A
- Year Built1907
- Lot Size0 Acres
- Full Baths4
- Partial BathsN/A
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