Cape May Real Estate and Vacation Rentals Coastal Marketing Group | RE/MAX Surfside
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301 E Magnolia Avenue, Wildwood

SOLD | $285,500 | 06/10/19

Description

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.

Features

  • Patio

  • Deck

  • Enclosed/Cov. Patio

  • Storage Building

  • Cable TV

  • Sidewalks

  • Living Room

  • Dining Room

  • Kitchen

  • Dining Area

  • Loft

  • Great Room

  • Storage Space

  • Heat Fuel:Gas Natural

  • Heat Fuel:Baseboard

  • Heat Fuel:Hot Water

  • Conventional

  • Basement:Slab

  • 3 Car

  • Assigned Parking

  • Concrete Driveway

  • Cooling:Wall Air Conditioning

  • City

Location

 

Let the COASTAL MARKETING GROUP be your buyer for this listing. LISTING IS PROVIDED BY LONG & FOSTER REAL ESTATE, INC av. The data relating to real estate for sale on this web page appears in part through the Cape May County MLS program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which we participate, and is provided by Cape May County MLS through a licensing agreement. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to change, withdrawal, or prior sale.

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609-884-4242315 Ocean Street, Suite 24, Cape May, NJ 08204
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