Sold

1045-1047 Lafayette Street

Cape May NJ, 08204

$1,310,000


$458.04 per sqft

Sold

5 Beds

3 Baths

2,860 sqft

Multi-family

Built in 1860

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.

220309

MLS ID

February 7, 2022

Listed

February 16, 2024

Updated

Map

1045-1047 Lafayette Street
Cape May NJ, 08204

Interior Features

Bedrooms

5 Beds


Bathrooms

3 Baths


Fireplace

No


Cooling

Yes


Cooling Description

Ceiling Fan, Other


Heating

Yes


Heating Description

Gas Natural, Baseboard, Hot Water

Exterior/Building Features

Exterior Features

Sidewalks, Outside Shower


Sewer

City

Other Property Details

Area Name

Cape May


Days on Market

431


Garage

No


View

No


County

Cape May County


Water Source

City


Pool

No


Zoning

R-2

Listing History

Date

Event

Price

8/26/2023

Sold

$1,310,000

 

Courtesy of CENTURY 21 ALLIANCE - NCM,

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Ryan Vince shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Cape May County Association of REALTORS, Inc. All rights reserved.

Data last updated 2:07 AM UTC 2/16/2024

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