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1307 Beach , #7

Cape May, NJ 08204
  • $679,000
  • STATUS: Active
  • ON SITE: 149 Days
  • MLS #: 213092
Price Reduced
UPDATED: 82 min ago
$679,000
  • 2
    BEDS
  • N/A
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 790
    SQFT
  • $859
    $/SQFT
Neighborhood:
Type:
Condo
Area:

School Ratings & Info

Description

What a stunning location across the street from the beach and a very sought-after building is where you will find The Morning Star Villa, once a luxury hotel (1885) in the heart of Cape May this building was moved and totally restored to a 14-unit condominium in 1989. This unit is on the second floor with 12-foot ceilings and approximately 790 square feet with a private deck with water views. Large open floor plan in the kitchen( new white quarts countertop installed faucet soon to be delivered), dining and living area make this unit feel bright, cheery, and spacious. There is a large bath in the hall with jetted bathtub and shower. Two nice sized bedrooms both with full closets. King bed in the master bedroom, queen bed in the second bedroom, and a queen sleeper sofa in the living room. Stack-able washer and dryer in the utility closet in the kitchen. Being sold mostly furnished less a few personal mementos the sellers may wish to take. The last renters are in place and check out 9-4-2021 and then it is open with no commitments for a new owner unless you would like to continue renting. The common area features are secure mailbox, elevator, ramp, outside shower, bike racks, personal storage locker area, an assigned parking plus a few extra spaces. The monthly condo fee covers water, sewer, trash pickup, internet, and property management. Strong rental history- rental income approximately of $30,000. Rents for $2300 a week in season or use for personal use. 2020, Rental Income- $29,741, Total Expenses- $17,152, Net Income- $12,589. Call to book your appointment today. This will not last long. Easy to show call today. To build up a healthier reserve and maintain this lovely historic building to the highest standards, there is a special assessment over 4 years. The seller is paying the annual assessment of $3600 for 2021 and 2022. 2023 and 2024 will be new buyer responsibility.

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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 2022-01-18T13:49:37.767.
www.theoceansiderealtyteam.com/homes/120710405
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1307 Beach , #7 Cape May, NJ 08204

  • Price: $679,000
  • Status: Active
  • On Site: 149 Days
  • Updated: 82 min ago
  • MLS #: 213092
2
Beds
1
Baths
0
½ Baths
N/A
Acres
790
SQFT
$859
$/SQFT
Neighborhood:
02-Cape May City
Area:
Cape May
Property Description
What a stunning location across the street from the beach and a very sought-after building is where you will find The Morning Star Villa, once a luxury hotel (1885) in the heart of Cape May this building was moved and totally restored to a 14-unit condominium in 1989. This unit is on the second floor with 12-foot ceilings and approximately 790 square feet with a private deck with water views. Large open floor plan in the kitchen( new white quarts countertop installed faucet soon to be delivered), dining and living area make this unit feel bright, cheery, and spacious. There is a large bath in the hall with jetted bathtub and shower. Two nice sized bedrooms both with full closets. King bed in the master bedroom, queen bed in the second bedroom, and a queen sleeper sofa in the living room. Stack-able washer and dryer in the utility closet in the kitchen. Being sold mostly furnished less a few personal mementos the sellers may wish to take. The last renters are in place and check out 9-4-2021 and then it is open with no commitments for a new owner unless you would like to continue renting. The common area features are secure mailbox, elevator, ramp, outside shower, bike racks, personal storage locker area, an assigned parking plus a few extra spaces. The monthly condo fee covers water, sewer, trash pickup, internet, and property management. Strong rental history- rental income approximately of $30,000. Rents for $2300 a week in season or use for personal use. 2020, Rental Income- $29,741, Total Expenses- $17,152, Net Income- $12,589. Call to book your appointment today. This will not last long. Easy to show call today. To build up a healthier reserve and maintain this lovely historic building to the highest standards, there is a special assessment over 4 years. The seller is paying the annual assessment of $3600 for 2021 and 2022. 2023 and 2024 will be new buyer responsibility.
Exterior Features

Location Beach BlockBeach FrontCleared LotIslandWater View Parking 1 CarAssigned ParkingOther Stories One Unit Location Water View

Interior Features

Also Included CurtainsDrapesFurnitureShades Appliances Included RangeOvenRefrigeratorWasherDryerDishwasherSmoke/Fire Detector Cooling Ceiling FanCentral Air Heating ElectricForced Air Hot Water Electric Other Rooms Living RoomEat In KitchenLaundry/Utility RoomStorage Space Rooms 4 Unit Features Wall To Wall Carpet

Property Features

Bank Owned No Common Area Features ElevatorDeck/PorchStorage FacilitiesCable TvOutside ShowerOther (See Remarks) Condo Fee 695 Condo Townhouse Type Condo Financing Available Conventional New Construction No Pet Friendly Owners Allowed Pets Seasonal Year Round Usage Sewer City Subject To Third Party Approval No Tax Year 2021 Taxes 4310 Total Assessment 0 Water City

© 2022 Cape May County Association of REALTORS® MLS. All Rights Reserved.
Listing provided courtesy of Coastline Realty, Llc.


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 2022-01-18T13:49:37.767.
 
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