9211 Monmouth Avenue

Margate City, NJ 08402

$3,349,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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!
  1. Listed by Mary Lou Ferry Wimmer • FARLEY and FERRY REALTY, INC

Property Details for 9211 Monmouth Avenue

City/Community
Margate
Class
MULTI-FAMILY
Parking - Exterior
Three or More Cars
Waterfront (Y/N)
No

Location

Listing Courtesy of FARLEY and FERRY REALTY, INC
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LISTING UPDATED: 04/04/2024 12:56 PM

Property Details for 9211 Monmouth Avenue

StatusActive
MLS #573902
Days on Market356
Taxes$11,341 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTI-FAMILY / 11 - 20 Units
Year Built1955
Lot Size131.00 AC / 5,706,360 SF
CountyAtlantic County

Location

Listing Courtesy of FARLEY and FERRY REALTY, INC
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Virtual Tour

Building Information for 9211 Monmouth Avenue

Stories-Residences11Year Built1955Building Size-Lot Size131.00 AC / 5,706,360 SF

Payment Calculator

$19,222 per month

30 year fixed, 7.25% Interest

Principal and Interest

$18,277

Property Taxes

$945

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 9211 Monmouth Avenue

Summary
Location and General Information
  • Address: 9211 Monmouth Ave
  • Address Number: 9211
  • Address Search Number: 9211
  • Address Street: Monmouth
  • Area: Margate City
  • County: Atlantic
  • Directions: Corner of Washington & Monmouth
  • Fips Code: 34001
  • State: NJ
  • Street Designation: Ave
  • Zip: 08402
Parking
  • Garage: None
Taxes and HOA Information
  • LVT Date: 05-11-2023
  • Tax Year: 2022
  • Taxes: 11341
Property
Lot Information
  • Approved Short Sale?: No
  • Block #: 426
  • Lot #: 21
  • Lot Dimensions: 131 X 125
Property and Assessments
  • Associated Document Count: 6
  • Doc Timestamp: 04-04-2024
  • Improved Value: $111,000
  • Land Value: $607,700
  • Total Assessment: 718700
  • Water: Public
  • Year Built: 1955
  • Adult Community/55+: No
Utilities
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Driveway: Blacktop
Interior Features
  • Heating: Electric
Multi Family
Multi-Family Information
  • # of 1 Bedroom Units: 10
  • # Of Efficiency Units: 1
  • Annual Insurance: 7912
  • Annual Taxes: 11,341
  • Limited Service (Y/N): No
  • Number Of Units: 11
  • Total Expense: 41737
  • Total Income: 124289

Property History for 9211 Monmouth Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 9211 Monmouth Avenue

Taxable ValueLand$607,700Additions$111,000Total$718,700
Tax Record2022$11,341 ($945 / month)
Home Facts
Stories2Lot Size16,374 SqFtStyleMulti-Family Res (5+ Units)Year Built1955ZoningWSDCountyATLANTICAPN16 00426-0000-00021

Schools near 9211 Monmouth Avenue

This home is within Margate City School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Private - PK to 8
Rating
School
Distance
William H. Ross III Intermediate School
PublicPK to 4

Eugene A Tighe Mid School
Public5 to 8

Blessed Sacrament Regional School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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9211 Monmouth Avenue is a multi-family home for sale in Margate City, NJ 08402. This property was listed for sale on May 11, 2023 by FARLEY and FERRY REALTY, INC, it's currently listed at $3,349,000. This listing's school district is Margate City School District. Nearby schools include William H. Ross III Intermediate School, Eugene A Tighe Mid School and Blessed Sacrament Regional School. 9211 Monmouth Avenue is a 0-bed, 0-bath, multi-family home built in 1955.

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Listing Courtesy of FARLEY and FERRY REALTY, INC

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.