Margate, NJ 08402,206 N Madison Ave Ave
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$ 1,249,000
Est. payment /mo
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206 N Madison Ave Ave Margate, NJ 08402

3 Beds

1.5 Baths


UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family

Listing Status Active

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


South Jersey Shore Regional MLS (SJSRMLS)
Listed by RE/MAX PREFERRED - Sewell
agent

John Starrett

Agent | License ID: 2188525

+1(609) 437-4321

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206 N Madison Ave Ave