1045-1047 Lafayette Street
$1,400,000, 2,860 Sqft
About This Property
Great investment opportunity to own a Triplex in the beautiful historic city of Cape May that does not require flood insurance! This multi-family home is situated on an expansive 70x198 lot. The house is clad in aluminum siding and the foundation of the main block is stuccoed brick. An asphalt driveway is located on the south side of the house leading to a large gravel covered parking area and 40x17 garage with 3 bays. Unit #1 is addressed as "1045 Lafayette Street 1st floor" featuring one large bedroom, 1 bath, kitchen, spacious dining room and large living room with ample natural lighting. Interior access to the basement where washer and dryer, utility sink, two gas fired boilers, two electric hot water heaters and electric panels are located. Unit #2 is addressed as "1045 Lafayette Street 2nd floor" featuring 1 bedroom, 1 bath, living room, eat-in kitchen and curved staircase leading to sizable attic with plenty of storage and tall ceiling. Gas fired boiler, electric hot water heater, and electric panel located in the basement, in addition to a sub-panel on 2nd floor. 1045 side share one water/sewer service. Unit #3 is addressed as "1047 Lafayette Street" which is the largest unit spanning from basement to attic! The first floor boasts a large living room with an abundance of natural lighting, kitchen, dining room and half bath. 2nd floor offers 3 bedrooms and 1 bath. Curved staircase leading to attic with plenty of storage and tall ceiling. Interior access to the basement where washer and dryer hook up is located along with gas fired boiler, gas hot water heater and electric panel. 1047 side has one water/sewer service. Each unit has separate natural gas and electric meter. Decades of year-round rental history. Rents have remained stable in consideration of the pandemic. So many options available for this multi-family property! Just a short distance to shopping, beautiful beaches, parks, bed and breakfasts, horse and carriage tours, churches, shopping and fabulous restaurants, wineries, historical sites and so much more!! Don't miss out on seeing this property!! Contact Agent, as shown by appointment only. Agent related to sellers.
Garage, 3 Car, Detached, Black Top Driveway, Shared Driveway
Gas Natural, Baseboard, Hot Water
©2023 Cape May County Multiple Listing Service. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity program of the Cape May County MLS. 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. Real estate listings held by brokerage firms other than Sotheby's International Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate.