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$ 745,000
Est. payment | /mo
5 Beds
4 Baths
$ 745,000
Est. payment | /mo
5 Beds
4 Baths
Key Details
Property Type Multi-Family
Sub Type Four-Plex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250631
Bedrooms 5
Year Built 1940
Annual Tax Amount $3,550
Tax Year 2022
Lot Dimensions 100x100
Property Sub-Type Four-Plex
Property Description
One-of-a-kind opportunity in Villas section of Lower Township. 9 properties from the Delaware Bay and close to the shopping and restaurants offered in this cozy beach town. 4 detached units on a 100x100 foot lot with parking and common area! The front house offers 3 bedrooms/1 bath, spacious living area and kitchen, rear and front entrance. The rear unit offers 2 bedrooms/1 bath, living room, eat in kitchen, utility room, tiled floors, central heat. The two side cottages are comfortable efficiencies with covered patios. Each unit has separate electric. The many opportunities with this truly unique set up are tremendous. Income production, development, recreation. Villas section of Lower Township is a hot spot for Airbnb, and other short term rentals, and the detached dynamic means you don't have to necessarily trade off rental income and your time at the shore! Also, annual rentals are rare creating the opportunity to find incredible long term tenants to put in place if you choose. Please review the photos to let this opportunity sink in; Beach proximity, multi family, detached units, separate utilities, oversized lot, off street parking.... and comprehend the potential that is being offered. Stated rents are current existing month-month tenants. Set your appointments quickly, because this is the one they have been waiting for!
Location
State NJ
County Cape May County
Area Villas
Location Details Beach Block,Corner,Mainland
Rooms
Other Rooms Living Room, Eat In Kitchen, Dining Area, Pantry, Laundry/Utility Room, Storage Space
Interior
Hot Water Electric
Heating Gas Natural, Electric, Oil, Forced Air
Cooling Ceiling Fan
Exterior
Exterior Feature Patio
Building
Lot Description Beach Block, Corner, Mainland
Sewer City
Water City
New Construction No
Listed by WEICHERT REALTORS CITY TO SHORE
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