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Map
$3,349,000
↓ $50K (1.5%)
●
Multifamily -
For Sale
9211 Monmouth Ave
Margate, NJ 08402
Studio
0 Bath
$17,390
Estimated Monthly
0.33%
Cap Rate
About This Property
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!
Unit Size
-
Days on Market
380 days
Land Size
-
Price per sqft
-
Property Type
Multifamily
Property Taxes
$945
HOA Dues
-
Year Built
1955
Listed By
Last updated: 2 months ago (SJSRMLSNJ #573902)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 4, 2024 | Price Decreased |
$3,349,000
↓ $50K
(1.5%)
|
|
Price Decreased | |||
Jan 3, 2024 | Price Decreased |
$3,399,000
↓ $100K
(2.9%)
|
|
Price Decreased | |||
Nov 7, 2023 | Relisted | $3,499,000 | |
Relisted | |||
Nov 6, 2023 | No longer available | - | |
No longer available | |||
Oct 17, 2023 | Price Decreased |
$3,499,000
↓ $176K
(4.8%)
|
|
Price Decreased |
Show More
Property Highlights
Building Details
New Construction
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
House
4
Beds
3
Baths
2,269 ft²
$1,223/ft²
$2,775,000
Jul 3, 2023
$2,775,000
Sep 28, 2023
-
Active
House
5
Beds
5.5
Baths
4,000 ft²
$838/ft²
$3,350,000
Nov 17, 2023
-
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
9211 Monmouth Avenue
9211 Monmouth Avenue, Margate City, NJ 08402
- 2 Units for Sale