406 East Magnolia Avenue
$1,099,000
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Description
Hold the phone! This is the golden opportunity that only comes around once in a blue moon! This 5 unit rental machine on the beach block, steps from the famous Wildwood Boardwalk, has everything you're looking for in an investment property. The potential here for current J1 rentals, or air bnb, condo conversion.....this gem has it all. Multiple units allow for the owners to do as they please and reap the financial benefits of this beach block beauty. Bolstering a 5 unit with individual full kitchens,...Hold the phone! This is the golden opportunity that only comes around once in a blue moon! This 5 unit rental machine on the beach block, steps from the famous Wildwood Boardwalk, has everything you're looking for in an investment property. The potential here for current J1 rentals, or air bnb, condo conversion.....this gem has it all. Multiple units allow for the owners to do as they please and reap the financial benefits of this beach block beauty. Bolstering a 5 unit with individual full kitchens, 12 bedrooms, 6 baths, updated tile, high efficiency instant hot water heater, and lots of potential...... Come get a look at this property while it lasts!
- Listed by Bradley Lemma • SEA ISLE REALTY
Property Details for 406 East Magnolia Avenue
MLS #
243149
DOM17
Approx Year Built1933
ClassMULTI-FAMILY
LocationBeach Block
Sale/RentFor Sale
TypeOther
LISTING UPDATED: 11/08/2024 01:00 AM
Property Details for 406 East Magnolia Avenue
Status | Active |
---|---|
MLS # | 243149 |
Days on Market | 32 |
Taxes | $8,300 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | MULTI-FAMILY / Other |
Year Built | 1933 |
Lot Size | 0.05 AC / 2,300 SF |
County | Cape May County |
Building Information for 406 East Magnolia Avenue
Stories-Residences-Year Built1933Building Size-Lot Size0.05 AC / 2,300 SF
Property Information for 406 East Magnolia Avenue
Property History for 406 East Magnolia Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 406 East Magnolia Avenue
Taxable ValueLand$97,000Additions$182,000Total$279,000
Tax Record2023$8,172 ($681 / month)
Home Facts
Beds0Total Finished SqFt3,035 SqFtAbove Grade Finished SqFt3,035 SqFtStories2Lot Size2,252 SqFtStyleSingle Family ResidenceYear Built1930ZoningTECountyCAPE MAYAPN14 00229-0000-00025
Schools near 406 East Magnolia Avenue
This home is within Wildwood City Board Of Education School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Private - | PK to 8 |
Rating | School | Distance |
---|---|---|
Glenwood Ave Elementary School PublicPK to 5 | ||
Wildwood Middle School Public6 to 8 | ||
Wildwood High School Public9 to 12 | ||
Cape Trinity Catholic School PrivatePK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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