301 E Magnolia #1 $285,500

MLS#: 187336
Address: 301 E Magnolia #1
City / Zip: Wildwood, NJ 08260
Type: Multifamily

50x52

Lot Size

N/A

Bedrooms

Wildwood

City

Overview

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Triplex just 1.5 Blocks to the Beach Across from St Ann's Church on the Corner of Magnolia and Atlantic Ave. Rare 300 Block East find. Huge Wrap around porch and decks to enjoy the Wildwood Days and Nights. All Units are separately metered for Gas and electric. There is also 1 car parking for each unit. Unit 1 First Floor $1475/month. Gas and Electric Paid by Tenant in their own Name. New Oven and fridge 2017, New Floor tiles in hallway, Breakfast nook and Bathroom(2017). New Rugs 2018. New Entry Door(2017). New Walls and Subfloor in Living Room (2017). Lease Signed January 2019 Unit 2 2nd Floor $1400/Month. Gas and Electric Paid By Tenant, But in Owner's Name. Oven, Fridge and full washer/Dryer new in 2017. Long standing tenant who assist owner in maintaining property. April Lease 3 Years at Property Unit 3 3rd Floor $1300/Month Gas and Electric Paid by tenant in their own name. New oven in 2016, Fridge and entry Walls in stairs. New Rugs throughout in 2016. November Yearly Lease New Roof 2014. 2018 Expenses: Flood Insurance $1234/Year. Owner currently has $700,000 replacement cost for Homeowners Policy and has a quote of $3119. This Could Be dramatically reduced to Reflect actual replacement cost.

This listing is provided courtesy by LONG & FOSTER REAL ESTATE, INC av

Map

Map may not be 100% accurate.

Amenities

    Property Amenities

    • Heating

      • Gas Natural
      • Baseboard
      • Hot Water
    • Exterior Features

      • Patio
      • Deck
      • Enclosed/Cov. Patio
      • Storage Building
      • Cable TV
      • Sidewalks

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