Coldwell Banker Sol Needles - Cape May Real Estate Coldwell Banker Sol Needles - Cape May Real Estate
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Phone609-884-8428       Address512 Washington Mall, Cape May

1307 Beach Avenue, Cape May NJ - SOLD

Sold Price: $583,000
MLS: 221686     Beds: 2     Baths: 1     Type: Condo     Taxes: $4,310     DOM: 97 Days

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What a stunning location across the street from the beach and a very sought-after building is where you will find The Morning Star Villa, once a luxury hotel (1885) in the heart of Cape May this building was moved and totally restored to a 14-unit condominium in 1989. This unit is on the second floor with 12-foot ceilings and approximately 790 square feet with a private deck with water views. Large open floor plan in the kitchen with new white quartz countertop installed, dining and living area make this unit feel bright, cheery, and spacious. There is a large bath in the hall with jetted bathtub and shower. Two nice sized bedrooms both with full closets. King bed in the master bedroom, queen bed in the second bedroom, and a queen sleeper sofa in the living room. Stack-able washer and dryer in the utility closet in the kitchen. Being sold mostly furnished less a few personal mementos the sellers may wish to take. The common area features are secure mailbox, elevator, ramp, outside shower, bike racks, personal storage locker area, an assigned parking plus a few extra spaces. The monthly condo fee covers water, sewer, trash pickup, internet, and property management. Strong rental history- rental income approximately of $30,000. Rents for 2300 a week in season or use for personal use. 2020, Rental Income- $29,741, Total Expenses- $17,152, Net Income- $12,589. Call to book your appointment today. Easy to show. To build up a healthier reserve and maintain this lovely historic building to the highest standards, there is a special assessment over 4 years. The seller is paying the annual assessment of $3600 for 2021 and 2022. 2023 and 2024 will be new buyer responsibility. 2022 rent so far Approx. $19,000. 7-2-22 to 8-27-22 weeks booked so there are weeks for you and your family to use in season. Deck repairs this fall: The association plans to have work on the porch take place in the fall of this year. Every effort will be made to schedule the work, if possible, at a time convenient for the owner so as not to disrupt their plans to occupy their unit. The work to be done on the porch will be paid for by the Association.
PROPERTY FEATURES & AMENITIES
  • Living Room  
  • Eat In Kitchen  
  • Laundry/Utility Room  
  • Storage Space  
  • Range  
  • Oven  
  • Refrigerator  
  • Washer  
  • Dryer  
  • Dishwasher  
  • Smoke/Fire Detector  
  • Heat Fuel:Electric  
  • Heat Fuel:Forced Air  
  • Water Heater:Electric  
  • 1 Car  
  • Assigned Parking  
  • Other  
  • Cooling:Central Air  
  • Cooling:Ceiling Fan  
  • City  
PROPERTY MAP & AERIAL VIEW
Last Database Update: 2022-09-28 07:17:09
Let Coldwell Banker Sol Needles Real Estate be your buyer's agent for this listing. Listing is provided by COASTLINE REALTY, LLC. The data relating to real estate for sale on this web page appears in part through the Cape May County MLS program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which we participate, and is provided by Cape May County MLS through a licensing agreement. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to change, withdrawal, or prior sale.
Coldwell Banker Sol Needles Real Estate - Cape May New Jersey
Call Today: 609-884-8428         512 Washington Mall, Cape May NJ
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