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1045-1047 Lafayette Street

Cape May, NJ 08204
  • $1,400,000
  • STATUS: Active
  • ON SITE: 299 Days
  • MLS #: 220309
UPDATED: 71 min ago
$1,400,000
  • 0
    BEDS
  • 10001 to 20000 SqFt
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1860
Area:

School Ratings & Info

Description

Great investment opportunity to own a Triplex in the beautiful historic city of Cape May that does not require flood insurance! This multi-family home is situated on an expansive 70x198 lot. The house is clad in aluminum siding and the foundation of the main block is stuccoed brick. An asphalt driveway is located on the south side of the house leading to a large gravel covered parking area and 40x17 garage with 3 bays. Unit #1 is addressed as "1045 Lafayette Street 1st floor" featuring one large bedroom, 1 bath, kitchen, spacious dining room and large living room with ample natural lighting. Interior access to the basement where washer and dryer, utility sink, two gas fired boilers, two electric hot water heaters and electric panels are located. Unit #2 is addressed as "1045 Lafayette Street 2nd floor" featuring 1 bedroom, 1 bath, living room, eat-in kitchen and curved staircase leading to sizable attic with plenty of storage and tall ceiling. Gas fired boiler, electric hot water heater, and electric panel located in the basement, in addition to a sub-panel on 2nd floor. 1045 side share one water/sewer service. Unit #3 is addressed as "1047 Lafayette Street" which is the largest unit spanning from basement to attic! The first floor boasts a large living room with an abundance of natural lighting, kitchen, dining room and half bath. 2nd floor offers 3 bedrooms and 1 bath. Curved staircase leading to attic with plenty of storage and tall ceiling. Interior access to the basement where washer and dryer hook up is located along with gas fired boiler, gas hot water heater and electric panel. 1047 side has one water/sewer service. Each unit has separate natural gas and electric meter. Decades of year-round rental history. Rents have remained stable in consideration of the pandemic. So many options available for this multi-family property! Just a short distance to shopping, beautiful beaches, parks, bed and breakfasts, horse and carriage tours, churches, shopping and fabulous restaurants, wineries, historical sites and so much more!! Don't miss out on seeing this property!! Contact Agent, as shown by appointment only. Agent related to sellers.

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Listing information © 2022 Cape May County Association of REALTORS® Multiple Listing Service. Information is deemed reliable but is not guaranteed accurate by the MLS or The Oceanside Realty Team | Keller Williams Jersey Shore. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2022-12-03T23:49:34.493.
www.theoceansiderealtyteam.com/homes/125480105
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1045-1047 Lafayette Street Cape May, NJ 08204

  • Price: $1,400,000
  • Status: Active
  • On Site: 299 Days
  • Updated: 71 min ago
  • MLS #: 220309
0
Beds
0
Baths
0
½ Baths
10001 to 20000 SqFt
Acres
1860
Built
Neighborhood:
02-Cape May City
Area:
Cape May
Property Description
Great investment opportunity to own a Triplex in the beautiful historic city of Cape May that does not require flood insurance! This multi-family home is situated on an expansive 70x198 lot. The house is clad in aluminum siding and the foundation of the main block is stuccoed brick. An asphalt driveway is located on the south side of the house leading to a large gravel covered parking area and 40x17 garage with 3 bays. Unit #1 is addressed as "1045 Lafayette Street 1st floor" featuring one large bedroom, 1 bath, kitchen, spacious dining room and large living room with ample natural lighting. Interior access to the basement where washer and dryer, utility sink, two gas fired boilers, two electric hot water heaters and electric panels are located. Unit #2 is addressed as "1045 Lafayette Street 2nd floor" featuring 1 bedroom, 1 bath, living room, eat-in kitchen and curved staircase leading to sizable attic with plenty of storage and tall ceiling. Gas fired boiler, electric hot water heater, and electric panel located in the basement, in addition to a sub-panel on 2nd floor. 1045 side share one water/sewer service. Unit #3 is addressed as "1047 Lafayette Street" which is the largest unit spanning from basement to attic! The first floor boasts a large living room with an abundance of natural lighting, kitchen, dining room and half bath. 2nd floor offers 3 bedrooms and 1 bath. Curved staircase leading to attic with plenty of storage and tall ceiling. Interior access to the basement where washer and dryer hook up is located along with gas fired boiler, gas hot water heater and electric panel. 1047 side has one water/sewer service. Each unit has separate natural gas and electric meter. Decades of year-round rental history. Rents have remained stable in consideration of the pandemic. So many options available for this multi-family property! Just a short distance to shopping, beautiful beaches, parks, bed and breakfasts, horse and carriage tours, churches, shopping and fabulous restaurants, wineries, historical sites and so much more!! Don't miss out on seeing this property!! Contact Agent, as shown by appointment only. Agent related to sellers.
Exterior Features

Location Inside Lot Lot Size 70X198 Outside Features Outside ShowerSidewalks Parking 3 CarBlack Top DrivewayDetachedGarageShared Driveway

Interior Features

Basement Inside EntrancePartial Cooling Ceiling FanOther Heating BaseboardGas NaturalHot Water Hot Water ElectricGas Other Rooms Dining RoomEat In KitchenKitchenLiving Room Unit1 Baths 1 Unit1 Bedrooms 1 Unit1 Lavs 0 Unit1 Rooms 4 Unit2 Baths 1 Unit2 Bedrooms 1 Unit2 Lavs 0 Unit2 Rooms 4 Unit3 Baths 1 Unit3 Bedrooms 3 Unit3 Lavs 1 Unit3 Rooms 6

Property Features

Available Lease InformationState Housing Certificate Bank Owned No Financing Conventional Multifamily Type Triplex Near Beach; Restaurants; Shops New Construction No Possession Closing With Leases Separate Meter Cable TvElectricGas Sewer City Subject To Third Party Approval No Suitable For Multi Family+Rooms Tax Year 2021 Taxes 5725.23 Total Assessment 562400 Unit1 Number 1045 Unit1 Rent 1400 Unit2 Number 1045 Unit2 Rent 1000 Unit3 Number 1047 Unit3 Rent 1400 Water City Zoned R-2

© 2022 Cape May County Association of REALTORS® MLS. All Rights Reserved.
Listing provided courtesy of Century 21 Alliance - Ncm: 609-889-2121.


Listing information © 2022 Cape May County Association of REALTORS® Multiple Listing Service. Information is deemed reliable but is not guaranteed accurate by the MLS or The Oceanside Realty Team | Keller Williams Jersey Shore. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2022-12-03T23:49:34.493.
 
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