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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!

PROPERTY FEATURES

Sewer Source : Public Sewer
2 Garage Spaces
Cooling: Central Air, Multi Units Heating : Forced Air
Basement Description : Crawl Space

PROPERTY DETAILS

Street Address: 101 W Magnolia Avenue
City: Wildwood
State: New Jersey
Postal Code: 08260
County: Cape May
MLS Number: 22427797
Year Built: 1907
Courtesy of Real Broker, LLC

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