9211 Monmouth Ave, Margate, NJ 08402 – 573902 - Joseph Lam

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Joseph Lam

sales@soldbyturnkey.com +1(856) 305-8329

$3,349,000

Est. payment - /mo

10 Beds

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UPDATED:

06/07/2024 02:13 PM

Key Details

Property Type Multi-Family

Sub Type 11 - 20 Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 573902

Bedrooms 10

Year Built 1955

Annual Tax Amount $11,341

Tax Year 2022

Property Description

Margate Investment and or Development Project!! Currently an Apartment complex consisting of 11 residential units. 10 one bedroom units and one efficiency. Laundry room on site and all units include a balcony and or porch. Electric heat paid by tenancy. Lease information available in associate documents. The complex sits on a lot 131 X125 close to bay and popular fine dining. Margate zoning officials have confirmed from a development perspective in WSD zone the permitted property developed allows for 7 townhomes with commercial below approximately 2000 square ft or possibly 5 single family homes @3200 square ft each. Use variance may be required for either. We recommend buyer reviews their plan with zoning. The location welcomes new construction and is an awe-inspiring opportunity in an extremely sought after location and trending neighborhood. Manifest your design strategy in Margate!

Location

State NJ

County Atlantic

Community Margate

Area Margate City

Interior

Heating Electric

Exterior

Garage None

Building

Sewer Public Sewer

Water Public

Others

Senior Community No

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South Jersey Shore Regional MLS (SJSRMLS)

Listed by FARLEY and FERRY REALTY, INC

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Joseph Lam

+1(856) 305-8329

Broker Associate | License ID: 0682262

Broker Associate License ID: 0682262