$1,250,000
Est. payment /mo
3 Beds
1.5 Baths
Pending
206 N Madison Ave Ave Margate, NJ 08402
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Key Details
Property Type Single Family Home
Sub Type Single Family
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 598101
Style 2 Story
Bedrooms 3
Full Baths 1
Half Baths 1
Annual Tax Amount $9,547
Tax Year 2024
Property Sub-Type Single Family
Property Description
Great Opportunity in Margate, NJ! 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. Come look then make the investment.
Location
State NJ
County Atlantic
Community Margate
Area Margate City
Rooms
Other Rooms Loft
Interior
Heating Electric
Flooring Hardwood
Fireplaces Type Family Room
Exterior
Exterior Feature Vinyl
Parking Features None
Building
Sewer Public Sewer
Water Public
Others
Senior Community No
Listed by RE/MAX PREFERRED - Sewell
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