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220 Frances Avenue

Villas, NJ 08251
  • $550,000
  • STATUS: Active
  • ON SITE: 93 Days
  • MLS #: 222756
UPDATED: 13 min ago
$550,000
  • 0
    BEDS
  • 6001 to 10000 SqFt
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1957
Area:

School Ratings & Info

Description

MONEY MAKING OPPORTUNITY Multi-Family, Four-Plex located in highly sought after residential neighborhood just 4 houses from the Delaware Bay! The new owner of this apartment building will enjoy the benefits of positive cash flow every month. Each apartment is separately metered and the tenants pay for their own utilities. Owner pays sewer & water. Recent owner upgrades include a new roof and gutters in 2021. New windows in Units 1,2, and 4. Unit 1 has new cabinets and a new tub. Unit 2 was fully remodeled including a new kitchen, bath, and flooring. Unit 4 has been updated with a new kitchen and bath. On the property is a separate detached garage that could potentially generate additional revenue once renovated. Fantastic location, great business opportunity, with potential for future development given proximity the bay.

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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 2022-12-02T17:49:38.94.
www.theoceansiderealtyteam.com/homes/132595560
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220 Frances Avenue Villas, NJ 08251

  • Price: $550,000
  • Status: Active
  • On Site: 93 Days
  • Updated: 13 min ago
  • MLS #: 222756
0
Beds
0
Baths
0
½ Baths
6001 to 10000 SqFt
Acres
1957
Built
Neighborhood:
05-Lower Township
Area:
Villas
Property Description
MONEY MAKING OPPORTUNITY Multi-Family, Four-Plex located in highly sought after residential neighborhood just 4 houses from the Delaware Bay! The new owner of this apartment building will enjoy the benefits of positive cash flow every month. Each apartment is separately metered and the tenants pay for their own utilities. Owner pays sewer & water. Recent owner upgrades include a new roof and gutters in 2021. New windows in Units 1,2, and 4. Unit 1 has new cabinets and a new tub. Unit 2 was fully remodeled including a new kitchen, bath, and flooring. Unit 4 has been updated with a new kitchen and bath. On the property is a separate detached garage that could potentially generate additional revenue once renovated. Fantastic location, great business opportunity, with potential for future development given proximity the bay.
Exterior Features

Location Beach Block Lot Size 100 X 100 Parking Stone Driveway

Interior Features

Basement Crawl Space Cooling Wall Air Conditioning Heating Electric Hot Water Electric Unit1 Baths 1 Unit1 Bedrooms 1 Unit1 Rooms 3 Unit2 Baths 1 Unit2 Bedrooms 1 Unit2 Rooms 3 Unit3 Baths 1 Unit3 Bedrooms 1 Unit3 Rooms 3 Unit4 Baths 1 Unit4 Bedrooms 1 Unit4 Rooms 3

Property Features

Available Income Expense InfoLease Information Bank Owned No Bay Proximity 1 Block Beach Proximity 1 Block Financing Conventional Multifamily Type Four-Plex Near Beach / Bay New Construction No Separate Meter Electric Sewer City Subject To Third Party Approval No Tax Year 2021 Taxes 3530.61 Unit1 Number 1 Unit2 Number 2 Unit3 Number 3 Unit4 Number 4 Water City

© 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 2022-12-02T17:49:38.94.
 
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