Price Reduction
Address
9211 Monmouth Ave, Margate, NJ
Price
$ 3,349,000
Property Attributes
  • MLS#573902
  • TypeMulti-Family
  • CountyATLANTIC
  • CityMargate
  • AreaMargate City
  • Zip08402
  • Style11 - 20 Units
  • Price$ 3,349,000
  • Bedrooms10
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
South Jersey Shore Regional MLS (SJSRMLS)
Property Description

Margate Investment and or Development Project!! Currently an Apartment complex consisting of 11 residential units. 10 one bedroom units and one efficiency. Laundry room on site and all units include a balcony and or porch. Electric heat paid by tenancy. Lease information available in associate documents. The complex sits on a lot 131 X125 close to bay and popular fine dining. Margate zoning officials have confirmed from a development perspective in WSD zone the permitted property developed allows for 7 townhomes with commercial below approximately 2000 square ft or possibly 5 single family homes @3200 square ft each. Use variance may be required for either. We recommend buyer reviews their plan with zoning. The location welcomes new construction and is an awe-inspiring opportunity in an extremely sought after location and trending neighborhood. Manifest your design strategy in Margate!

Price History
5/11/2023 Listed $3,995,000
6/28/2023 4% - $3,850,000
7/8/2023 4% - $3,700,000
9/22/2023 1% - $3,675,000
10/16/2023 5% - $3,499,000
1/2/2024 3% - $3,399,000
4/3/2024 2% - $3,349,000

General Features

Water Public
Sewer Public Sewer
Heating Electric
Status Active
Year Built 1955
Class MULTI-FAMILY
Lot # 21
Type 11 - 20 Units
Tax Year 2022
Status Active
Garage None
Waterfront No
Area Margate City
Taxes 11341

Interior Features

# of Units 11
# of 1 Bedroom Units 10
Efficiency Units 1

Exterior Features

Driveway Blacktop
Lot Dimensions 131 X 125

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 08402

Price
AVG $1.91M
$3.35M
Visits
AVG 274
597
Data Provided by Inside Real Estate®
Year Built
AVG 1955
1955
Walkscore
AVG 61
61
Data Provided by Walkscore® not using MLS data