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Micah Yerk

myerk@desatnickrealestate.com +1(609) 886-6000

$ 1,250,000

Est. payment -/mo

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1083 Seashore Road Cold Spring, NJ 08204

8 Beds

5 Baths

3,710 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Four-Plex

Listing Status Active

Purchase Type For Sale

Square Footage 3,710 sqft

Price per Sqft $336

MLS Listing ID 251676

Bedrooms 8

Year Built 1930

Annual Tax Amount $6,771

Tax Year 2024

Lot Dimensions 31,681

Property Sub-Type Four-Plex

Property Description

This fantastic opportunity is available now. Close to Cape May in a quiet yet accessible neighborhood, this expansive property is for homeowners and developers alike. This pre-existing non-conforming home exudes charm and character, boasting generous square footage that allows endless options for customization. The layout features multiple rooms with high ceilings, abundant natural light. The property includes an expansive yard, perfect for outdoor living spaces, gardens, or parking needs. While the home requires renovation, its bones remain strong, with a solid foundation ready to support modern upgrades. Updates include a tankless, on demand water heater, a new deeper high capacity well and two new septic systems, one for the main house and a second for the rear apartments. The current property is configured as follows: The main house lower level has 4 bedrooms and 2 full baths. There is a large eat-in kitchen, dining area and expansive living room. A very large sun porch is on the side of the house. As you head down the hallway off the kitchen are the two additional bedrooms and a laundry room. The second floor apartment has a private entrance on the left side of the front house with a living room area, kitchen, 2 bedrooms and full bath. The front house can easily be converted to a single family. The garage has been re-fitted into 2 apartments prior to the current seller's purchase. Both the 2nd floor apartment and downstair apartment are 1 bedroom 1 bath units. The second floor has recently been remodeled. This could offer a lucrative opportunity in the rental market or a chance to establish a community-oriented housing solution. This spacious residence presents a valuable opportunity for those with vision. The main floor is currently vacant and could potentially be rented for the summer at $7,500 a month including utilities. The upstairs apartment is a summer lease for $2,700 with utilities included. The garage apartments are both rented year-round. The lower level for $1,250 with utilities and upstairs at $1,200 per month with utilities. The total rent for the property could be $12,650 per month through the summer months.

Location

State NJ

County Cape May County

Area Cold Spring/South Of The Canal

Location Details Cleared Lot,Inside Lot

Rooms

Other Rooms Living Room, Eat In Kitchen, Breakfast Nook, Laundry/Utility Room, Florida Room

Interior

Hot Water Gas

Heating Gas Natural, Forced Air

Cooling Wall Air Conditioning

Building

Lot Description Cleared Lot, Inside Lot

Sewer Private

Water Private

New Construction No

Others

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

Listed by HOMESTEAD REAL ESTATE CO. INC.

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Micah Yerk

Broker-Salesperson/Managing Broker, Lower Township Office | License ID: 1110889

+1(609) 886-6000

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Micah Yerk

1083 Seashore Road Cold Spring, NJ 08204

Key Details

Location

Rooms

Interior

Building

Others

GET MORE INFORMATION

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1083 Seashore Road