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Key Details
Sold Price $610,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 569398
Sold Date 02/15/23
Year Built 1950
Annual Tax Amount $5,716
Tax Year 2022
Property Description
Great investment opportunity or ideal to build new construction! This duplex is a true Margate gem with two 2BR/1BA units. Located on a quiet street in a lovely neighborhood, just a few blocks to the Marina District with all its fabulous restaurants and walking distance to the beach! The first-floor unit boasts plenty of natural light as you enter the living room. Adjacent to the living room is the dining area, kitchen and washer/dryer. You will also find access to the private covered patio from the living area. Moving to the rear of the first floor you will find two nice sized bedrooms that share a full hall bathroom. The second-floor unit also consists of a large bright living area, eating area, kitchen with its own washer and dryer and features a private second floor deck. Additionally, there are two large bedrooms, ample closet space and a full shared bath. The duplex outdoor features include a large, shared back yard and one off street parking spot. Both units currently have tenants on a month to month lease. There is HUGE potential with this duplex to either build new construction or convert to 2 condos, keep one unit for yourself and rent the other or continue to rent both! The possibilities are endless, do not miss out on this investment opportunity, call TODAY!
Location
State NJ
County Atlantic
Community Margate
Area Margate City
Rooms
Other Rooms Breakfast Nook, Laundry/Utility Rm, Living Room
Basement Crawl Space
Interior
Heating Gas-Natural, Radiator, Underground Tank
Exterior
Exterior Feature Brick, Vinyl
Parking Features None
Building
Sewer Public Sewer
Water Public
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