220 Frances Avenue $550,000

MLS#: 222756
Address: 220 Frances Avenue
City / Zip: Villas, NJ 08251
Type: Multifamily / Quadruplex

100 x 100

Lot Size

4

Bedrooms

Villas

City

Overview

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MONEY MAKING OPPORTUNITY – Multi-Family, Four-Plex located in highly sought after residential neighborhood just 4 houses from the Delaware Bay! The new owner of this apartment building will enjoy the benefits of positive cash flow every month. Each apartment is separately metered and the tenants pay for their own utilities. Owner pays sewer & water. Recent owner upgrades include a new roof and gutters in 2021. New windows in Units 1,2, and 4. Unit 1 has new cabinets and a new tub. Unit 2 was fully remodeled including a new kitchen, bath, and flooring. Unit 4 has been updated with a new kitchen and bath. On the property is a separate detached garage that could potentially generate additional revenue once renovated. Fantastic location, great business opportunity, with potential for future development given proximity the bay.

This listing is provided courtesy by CENTURY 21 ALLIANCE - NCM

Map

Map may not be 100% accurate.

Amenities

    Property Amenities

    • Cooling

      • Wall Air Conditioning
    • Heating

      • Electric
    • Sewer

      • City
    • Parking

      • Stone Driveway

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