206 N MADISON AVE Margate City, NJ 08402
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Pending
Purchase Type For Sale
Square Footage 3,118 sqft
Price per Sqft $400
Subdivision None Available
MLS Listing ID NJAC2019646
Style Colonial
Bedrooms 1
Half Baths 1
HOA Y/N N
Abv Grd Liv Area 3,118
Year Built 1925
Annual Tax Amount $9,547
Tax Year 2024
Lot Size 6,250 Sqft
Acres 0.14
Lot Dimensions 50.00 x 125.00
Property Sub-Type Detached
Source BRIGHT
Property Description
Enjoy two properties for the price of one or rebuild to your own liking in a sensational area in Margate, NJ.
It doesn't get any better than this at the shore with 3100 sq ft of livable space just 100 yards from gleaming bay views and steps from local 5-star restaurants. Only a few blocks to the beach, one block to Longport, and a short drive to Ocean City, Somers Point, and Atlantic City's magic and nightlife.
The front building features a welcoming porch, a cozy living room with fireplace, a small dining area, and an updated kitchen with a deck for outdoor enjoyment. Upstairs offers a spacious bedroom with a master bath and a loft with a trundle bed.
The back building includes 3 bedrooms (possible 4th), 1.5 baths, and is tenant-occupied at $1,700/month, providing instant income.
The lot size is ideal for investors looking to rebuild and create their Margate dream home in a prime location near the bay and beach.
Location
State NJ
County Atlantic
Area Margate City (20116)
Zoning WSD
Interior
Hot Water Instant Hot Water, Tankless
Heating Central
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Story 2
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Colonial
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Margate City Schools
Others
Senior Community No
Tax ID 16-00430-00504
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
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