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220 Frances Avenue, Villas - ACTIVE

$550,000

MLS: 222756  |  Bedrooms: 4  |  Baths: 4  |  Type: Four-Plex
Lot:100 x 100  |  Taxes: $3,531  |  Area: Villas

MONEY MAKING OPPORTUNITY Multi-Family, Four-Plex located in highly sought after residential neighborhood just 4 houses from the Delaware Bay! The new owner of this apartment building will enjoy the benefits of positive cash flow every month. Each apartment is separately metered and the tenants pay for their own utilities. Owner pays sewer & water. Recent owner upgrades include a new roof and gutters in 2021. New windows in Units 1,2, and 4. Unit 1 has new cabinets and a new tub. Unit 2 was fully remodeled including a new kitchen, bath, and flooring. Unit 4 has been updated with a new kitchen and bath. On the property is a separate detached garage that could potentially generate additional revenue once renovated. Fantastic location, great business opportunity, with potential for future development given proximity the bay.

AMENITIES

  • Heating:Electric   
  • Heater:Electric  
  • Conventional  
  • Cooling:Wall Air Conditioning  
  • City  

PROPERTY LOCATION / MAP

Last Database Update: 11/26/2022 05:45:23
Let Ferguson Dechert be your buyer agent for this listing. Listing is provided by CENTURY 21 ALLIANCE - NCM. The data relating to real estate for sale on this web page appears in part through the Cape May County MLS program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which we participate, and is provided by Cape May County MLS through a licensing agreement. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to change, withdrawal, or prior sale.
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220 Frances Avenue, Villas
For Sale: $550,000
MLS: 222756

Bed:4 | Bath:4 LOT:100 x 100 | DOM:90
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Ferguson Dechert Real Estate - Summer Vacation Rentals and Properties For Sale in Avalon and Stone Harbor
2789 Dune Drive
Avalon, NJ
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609-967-4200
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