$398,500
$429,900
7.3%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
SOLD DATE : 04/25/2025
Key Details
Sold Price $398,500
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 243464
Bedrooms 4
Year Built 1950
Annual Tax Amount $3,394
Tax Year 2023
Property Sub-Type Duplex
Property Description
This unique offering presents an excellent opportunity for those seeking a solid investment or a great start for someone looking to build equity and generate extra income. Whether you're just beginning your real estate journey or seeking supplemental cash flow to help with mortgage payments, this property has great potential. The main house is a charming 3-bedroom raised ranch, featuring a spacious living room, an eat-in kitchen, and a convenient laundry room. The main bathroom is currently undergoing a full renovation, with new flooring, tile, and a vanity. It will be completed within the next month, and photos are being updated as construction progresses. Major upgrades were made in 2021 including new windows, a new roof, and updated electrical system. This year, the property was freshly painted and floored. The back unit is currently tenant-occupied with a one year lease. Don't miss this rare chance to own two properties with income potential in one convenient package!
Location
State NJ
County Cape May County
Area Cape May Court House
Rooms
Other Rooms Living Room, Kitchen, Eat In Kitchen, Breakfast Nook, Laundry/Utility Room
Interior
Hot Water Electric
Heating Electric, Baseboard
Cooling Other
Building
Sewer City
Water Private
New Construction No
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Bought with COMPASS RE - Ocean City