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$ 995,000
Est. payment /mo
Active
406 E Magnolia Avenue Wildwood, NJ 08260
14 Beds
6 Baths
3,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $331
MLS Listing ID 243149
Bedrooms 14
Year Built 1933
Annual Tax Amount $8,300
Tax Year 2024
Lot Dimensions 2300
Property Sub-Type Other
Property Description
Located in the Wildwood redevelopment zone with endless possibilities for investment and tax incentives as well. 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!
Location
State NJ
County Cape May County
Area Wildwood
Location Details Beach Block
Interior
Hot Water Gas
Heating No Heating
Cooling Wall Air Conditioning
Exterior
Exterior Feature Patio, Porch, Security Camera
Building
Lot Description Beach Block
Sewer City
Water City
New Construction No
Others
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Listed by SEA ISLE REALTY
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