1507 Yacht Avenue

$2,500,000

About This Property

A unique opportunity for developers and investors. The "Boatel" is located on one of the last parcels in the marina district. Overlooking South Jersey Marina offering 10 one bedroom units with wrap around decks and five boat slips. All apartments are currently rented on a month to month basis. A quick 10 minute boat ride to the bay and the ocean. Enjoy the cool breezes and beautiful sunsets from this water front property. Building is being sold "as is". All permits and approvals are the sole responsibility of the buyer.

Essential Information

MLS® #183568
Price$2,500,000
Year Built1971
TypeMulti-Family
Sub-TypeApartment
StatusACTIVE

Community Information

Address1507 Yacht Avenue
AreaCape May
CityCape May
StateNew Jersey

Amenities

ParkingAssigned Parking
Is WaterfrontYes
WaterfrontWater Front

Interior

HeatingElectric
CoolingWall Air Conditioning

Exterior

Exterior Features

Porch, Storage Building, Dock/Boat Slip, Cable TV, Waterview

Additional Information

Date ListedAugust 20th, 2018
Days on Market302

Listing Details

OfficeCOASTLINE REALTY, LLC

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Chris Clemans Sotheby’s International Realty

1159 Washington Street PO Box 552
Cape May, NJ
08204

Office: 609.884.3332

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