$664,000
Sold

101 W Magnolia Avenue

Wildwood, NJ 08260
5 beds | 4 baths | 0.09 acres | #22427797
Type:Multi-Family
Structure:3 Family
Zone:Residential

Description

UNDER CONTRACT - OPEN HOUSE CANCELLED
Income Potential with Room to Grow!
Welcome to this charming multifamily property that's not just a home—it's 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 there's 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 line—think 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 you're 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 outthe upside is calling!

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© Monmouth Ocean Regional MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Last Updated: . Source: MONMOUTH

Listing Courtesy
Listing Agent: Christopher Gable (#44297)
Listing Office: Real Broker, LLC (#3448)

Abigail MaldonadoReal Estate Group

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