1. New Jersey
  2. Margate City
  3. 206 N MADISON AVE
$1,249,000

206 N MADISON AVE, Margate City, NJ 08402

  • 1 bed |
  • 1 bath |
  • 3,118 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1925
  • Property Lot Size Icon6,098sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $401/sqft
  • Property List Date Icon Listed 18 days ago

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.

Listing Status:
Pending
Listing Office:
RE/MAX Preferred - Sewell : 8565894848
Listing Agent:
Edward R Marrone : 8564910988
MLS ID:
NJAC2019646

This listing courtesy of Edward R Marrone, RE/MAX Preferred - Sewell

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

William H. Ross III Elementary School

101 N Haverford Ave, Margate City, NJ, 08402

Grades PK-4

1.07 miles away

E

Eugene A. Tighe Middle School

7804 Amherst Ave, Margate City, NJ, 08402

Grades 5-8

1.19 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.