Home For Sale In Margate, New Jersey

house for sale

Listed: 01/09/24

9283 Monmouth Avenue, Margate City, Atlantic County, NJ 08402, USA

10 Bed:

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Price

$ 3,4M

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About This House

Margate Investment and or Development Project!! Currently an Apartment complex consisting of 11 residential units fully occupied. 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 lot131 X125close 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!

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Original listing

Margate Gardens Housing & Living

Household Income

Median household income: $69,896

Number of households: 3,277

The average household income in Margate City, NJ grew from $66,154 to $69,896 in the past year. This data is an estimate based upon 3,277 households in Margate City, NJ.
The chart below presents how household income is distributed in Margate City, NJ in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Margate City, NJ compared to median property taxes around the country. The prevalent amount of property taxes in Margate City, NJ equals $3k+ , which is more than the national average.