419 E Magnolia Avenue $1,050,000

***Investor Alert**** This 4 unit Cash Cow generates over $120,000 per season in Gross Rents! A True Money Machine just a few steps to our Beautiful Beaches and the Heart of the World Famous Wildwood Boardwalk with All the attractions it has to offer including Morey's Amazing Amusement Piers, Endless Options for Dining & Entertainment, Bike Riding, Mini-Golf, Several Huge Water Parks, Country Music Festivals, Car Shows, Parades and so much more!!! The Season is long and demand for rentals extends well in the Fall Shoulder Season. Officially, the property includes 4 units. The Huge 2nd Floor Penthouse unit includes 4 spacious bedrooms with 2 Full tiled baths, a Wide Open Living Area and dedicated Dining area with direct access to an outdoor deck to accommodate Large Families and Groups. The Kitchen is Gorgeous Featuring Plush Granite Tops & Center Island, Stainless Steel Appliances, Attractive White Cabinetry complete with Elegant Crown Molding and Recessed Lighting. The flooring in All the units is upgraded hard surface flooring with tile flooring in all the bathrooms. Each unit has window A/C and Baseboard Heating. The remaining 3 Ground Floor units are Efficiency Rooms each with a tiled bathroom, window A/C and Baseboard Heating. The owners are currently seeking approvals to expand 1 of the efficiency rooms into a 2 Bedroom unit which should generate an additional $10K - $15K in Gross rents per season. For added convenience, there is an outside shower, 2 Clothes Washers & Dryers, common back yard and a parking pass for each unit. The parking passes are purchased each year by the property owners. See the associated documents in MLS for a Seller Property Disclosure and Non-Disclosure Agreement. Agents: see MLS addendum for more details.

This listing is provided courtesy of RE/MAX SURFSIDE - WC