Description
Property with farmhouse on ten acres has variance approval for twenty-four units (24) 2 bedroom/2bath, 1400 SFT townhomes with flexible interior design. If the site plan layout is followed the apartments can be used for rentals, as well. The 1464 SFT 3 bedroom, 1 bath farmhouse was built in 1925 and has a front porch. Farmhouse has new windows, and newer boiler/cast iron radiator. Newly upgraded electrical panel to 150 amp service. House is currently rented with income of $1050/month. Flexible lease situation currently on month to month basis. Public water, public sewer, electric, natural gas. There is a pump station for sewer and water in the street. Variance approval and engineering site plan layout available upon request. You can redesign to leave or remove house with application submittal. Strategic development opportunity for real estate investors. All offers welcome!
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Copyright 2021 Cape May County Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Updated: 12th April, 2021 1:46 PM
Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 12th April, 2021 1:39 PM
