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Key Details
Sold Price $1,249,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,118 sqft
Price per Sqft $400
Subdivision None Available
MLS Listing ID NJAC2019646
Style Colonial
Bedrooms 1
Half Baths 1
Year Built 1925
Annual Tax Amount $9,547
Tax Year 2024
Lot Size 6,250 Sqft
Property Sub-Type Detached
Property Description
Great Opportunity in Margate, NJ!
Enjoy two properties for the price of one or rebuild to your own liking in a sensational area in Margate, NJ.
It doesn't get any better than this at the shore with 3100 sq ft of livable space just 100 yards from gleaming bay views and steps from local 5-star restaurants. Only a few blocks to the beach, one block to Longport, and a short drive to Ocean City, Somers Point, and Atlantic City's magic and nightlife.
The front building features a welcoming porch, a cozy living room with fireplace, a small dining area, and an updated kitchen with a deck for outdoor enjoyment. Upstairs offers a spacious bedroom with a master bath and a loft with a trundle bed.
The back building includes 3 bedrooms (possible 4th), 1.5 baths, and is tenant-occupied at $1,700/month, providing instant income.
The lot size is ideal for investors looking to rebuild and create their Margate dream home in a prime location near the bay and beach.
Location
Province NJ
County Atlantic
Area Margate City (20116)
Zoning WSD
Interior
Hot Water Instant Hot Water, Tankless
Heating Central
Cooling Central A/C
Exterior
Water Access N
Building
Story 2
Foundation Block
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Margate City Schools
Others
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Special Listing Condition Standard
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Kory Prince
Owner/Director of Operations | -V61339
Owner/Director of Operations -V61339