Multi on Magnoila!! This Multi-Family Residence consists of 4 Total Units. A 1 Bedroom Unit and three 2 Bedroom Units make up this income producing property. Ideally located approximately 1 Block to the Beach & Boardwalk on Magnolia, these units offer convenient access to the islands World Renowned attractions. The island comes alive in the Summer Season and a multi-family property is a highly desirable investment due to the massive demand for housing amongst seasonal workers and international students alike. Currently there is No Heat so this building is best suited for Summer Rentals whether they be Weekly, Monthly or Seasonally. Based on the size & location, the income producing potential is clearly apparent. Addtitional, there is NEW Roof in the back of the property & 2 Outdoor Showers. Buyers side commission is 3% - $150.
Off market
Zestimate®
$489,900
331 E Magnolia Ave, Wildwood, NJ 08260
--beds
0baths
1,754sqft
MultiFamily
Built in 1940
-- sqft lot
$489,900 Zestimate®
$279/sqft
$2,146 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Features
- Basement: Crawl Space
Interior area
- Total interior livable area: 1,754 sqft
Property
Features
- Exterior features: Wood
Lot
- Size: 1,860 sqft
Details
- Parcel number: 140023700000001403
Construction
Type & style
- Home type: MultiFamily
Materials
- Frame
Condition
- Year built: 1940
Utilities & green energy
- Sewer: City
Community & neighborhood
Location
- Region: Wildwood
Other
Other facts
- Sale/Rent: For Sale
- Status Category: Active
- ALSO INCLUDED: Blinds, Furniture
- WATER: City
- Lot Size Range: 1 to 6000 SqFt
- BASEMENT: Crawl Space
- HOT WATER: Gas
- LOCATION: Island
- OUTSIDE FEATURES: Sidewalks, Outside Shower
- SEWER: City
- District - Township: 14-Wildwood City
- SUITABLE FOR: Multi Family+Rooms
- Type: Four-Plex
- Status: UNDER CONTRACT CON/SHOW
- BEACH PROXIMITY: 1 Block
Sell with ease on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$489,900
2% more+$9,798
With Zillow Showcase(estimated)$499,698