406 East Magnolia Avenue

Wildwood, NJ 08260

$1,099,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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!
  1. Listed by Bradley Lemma • SEA ISLE REALTY

Property Details for 406 East Magnolia Avenue

MLS #
243149
DOM
17
Approx Year Built
1933
Class
MULTI-FAMILY
Location
Beach Block
Sale/Rent
For Sale
Type
Other
LISTING UPDATED: 11/08/2024 01:00 AM

Property Details for 406 East Magnolia Avenue

StatusActive
MLS #243149
Days on Market32
Taxes$8,300 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTI-FAMILY / Other
Year Built1933
Lot Size0.05 AC / 2,300 SF
CountyCape 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

Summary
Location and General Information
  • Area: Wildwood
  • Suitable For: Condo Conversion,Multi Family+Rooms,Rooming House
  • Address Number: 406
  • Address Search Number: 406.0
  • Address Direction: E
  • Address Street: Magnolia
  • City: Wildwood
  • Street Designation: Avenue
  • Beach Proximity: 1 Block
  • Bay Proximity: 4 Blocks
  • Address: 406 E Magnolia Avenue
  • Status: ACTIVE
  • State: NJ
  • Zip: 08260
  • Status Detail: 0
Taxes and HOA Information
  • Taxes: $8,300.00
  • Tax Year: 2024
Property
Lot Information
  • Lot Size: 2300
  • New Construction Y/N: No
  • Lot Number: 25
  • Block Number: 229
Property and Assessments
  • May B Sub to 3rd pty Appr: No
Utilities
  • Heating: No Heating
  • Cooling: Wall Air Conditioning
  • Hot water: Gas
  • Water: City
  • Sewer: City
Interior and Exterior Features
Interior Features
  • Total # of Baths: 6
  • Unit 1 Bedrooms: 2.0
  • Unit 2 Bedrooms: 4.0
  • Unit 3 Bedrooms: 3.0
  • Unit 4 Bedrooms: 1.0
  • Unit 5 Bedrooms: 4.0
  • Total Rent: 10000
  • Total # of Lavs: 0
  • Total # of Beds: 14
  • Unit 1 Baths: 1.0
  • Unit 2 Baths: 2.0
  • Unit 3 Baths: 1.0
  • Unit 4 Baths: 1.0
  • Unit 5 Baths: 1.0
  • Unit 1 Rooms: 4.0
  • Unit 2 Rooms: 6.0
  • Unit 3 Rooms: 6.0
  • Unit 4 Rooms: 3.0
  • Unit 5 Rooms: 6.0
  • Number of Units: 5.0
  • Also Included: Furniture
  • Basement: Crawl Space
Exterior Features
  • Outside Features: Patio, Porch, Security Camera

Property History for 406 East Magnolia Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

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406 East Magnolia Avenue is a multi-family home for sale in Wildwood, NJ 08260. This property was listed for sale on October 22, 2024 by SEA ISLE REALTY, it's currently listed at $1,099,000. It has been on the market for a total of 32 days and was last sold on January 3, 2022. This listing's school district is Wildwood City Board Of Education School District. Nearby schools include Glenwood Ave Elementary School, Wildwood Middle School and Wildwood High School. 406 East Magnolia Avenue is a 0-bed, 0-bath, multi-family home built in 1933.

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Listing Courtesy of SEA ISLE REALTY

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.