310 E Magnolia Avenue

$429,000, 4 Beds 2 Baths

About This Property

Here is the Investment Opportunity that you've been waiting for! Extra large beach block condominiums with pools are in short supply in Wildwood. There is a SUPER STRONG multi-year rental history with rental income exceeding $60,000 and even $70,000 each summer. This 4 Bedroom plus "loft/den/5th bedroom" condominium is set up to sleep 14. Prime time summer weeks rent for more than $5,000 each. It is near the Wildwood/North Wildwood border and less than one block from Beach/Boards/Ride Piers. This is the largest unit in the association of 12 units, and the only one with a very large private roof top deck. Enjoy TWO Private Decks with Ocean and Boardwalk Views here. This is a Fabulous Turn-Key Opportunity in a well managed building with a financially sound association. This is a "family only" rental building, strictly enforced. All owners are current with dues and there are healthy reserves. This unit will be transferred furnished less personals with very few exceptions. All the most requested amenities are here - an association managed and maintained heated pool and gas grills, a private garage storage room for beach gear, two reserved garage parking spaces, an outdoor hot/cold shower, a fenced back yard. Condo dues cover common area insurances, utilities, and building maintenance; trash/recycling services; landscaping; grill and pool maintenance; and an extra amount that is banked for future repairs.

Essential Information

MLS® #203812
Price$429,000
Bedrooms4
Bathrooms2.00
Full Baths2
Year Built2005
TypeCondo/Townhouse
Sub-TypeCondo
StatusUNDER CONTRACT

Community Information

Address310 E Magnolia Avenue
AreaWildwood
CityWildwood
StateNew Jersey

Amenities

ViewWater View
Has PoolYes

Features

Wall To Wall Carpet, Tile Floors, Hardwood Floors

Parking

Garage, 2 Car, Assigned Parking, Concrete Driveway, Shared Driveway, Auto Door Opener

Interior

HeatingGas Natural, Forced Air
CoolingCentral Air, Ceiling Fan
StoriesTwo

Appliances

Range, Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Smoke/Fire Detector, Oven

Additional Information

Date ListedOctober 2nd, 2020
Days on Market2

Listing Details

OfficeDON MARTIN REALTY, INC

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Cape May, NJ
08204

Office: 609.884.3332

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