107 E Magnolia, Wildwood, NJ 08260

List Price

Property Description

Owner Is Ready to Retire. This is your opportunity to pick up one of the last Reasonable Deals in the Wildwoods. 5 Units with parking for 6 Cars, Storage, Laundry and a Beautiful location just a few blocks from the Beach on one of the many Tree named streets just a few blocks to North Wildwood. While This home was originally built in the Early 1900s, the owner has done an amazing job of updating this property. As you will see from the pictures, the bathrooms have newer tile and vanities, the kitchens are all modern and the exterior is maintenance free vinyl siding. You will tell there is a distinct pride of ownership. While there was previously heat in some units, there is currently not any units heated for year round usage as the owner winterizes every year. Cash Sale Preferred or Local lender. Units 1-4 are all rented weekly for the season and unit 5 is shared (Owners qtrs with 8 additional rooming house style bedrooms on the 2 floors above)Breakdown of units are as follow. Apt 1 3 Bedrooms, Kitchen, Bath $500/week Apt 2 2 Bedrooms, Kitchen, Bath $340/week Apt 3 2 Bedrooms Kitchen, Bath $420/week Apt 4 2 Bedrooms, Kitchen, Bath $500/week Apartment 5 Owners Qtrs Apt 5 rooms 1-8 Bring $1600/week Total Weekly Rent is $3360. The Apartments could easily charge double during prime weeks Showings Will be Friday and Saturday 11-1 06/11 and 06/12 No Sunday Showings. Monday-Thursday can also be arranged

Additional Information

Wall Air Conditioning
Gas Natural
Exterior Features
Patio, Enclosed/Cov. Patio, Porch, Storage Building, Cable TV, Sidewalks
Parking Description
Assigned Parking, Shared Driveway

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Calculator source: Real Geeks

Listing courtesy of LONG & FOSTER REAL ESTATE, INC av.