501 Beach Ave #408, Cape May, NJ 08204

501 Beach Avenue, The Marquis de Lafayette is located in the center of town on the beachfront with amazing water views and home to the Barefoot Bar. your 4th floor condo has a private balcony overlooking the ocean with breath taking unobstructed views of the beautiful Cape May beaches and Atlantic Ocean. Resort style amenities; in ground pool and hot tub with water fall feature, updated restaurant, pool bar, maid service, meeting rooms, fitness room, wireless internet, laundry room, parking and none of the maintenance usually associated with property ownership. The Marquis de Lafayette is a Condo-Tel, you own it as a condominium, but your condo is managed and operated as a hotel by your board of directors, manger and in-house staff. There is usage policy requiring owners to rent their room as a hotel room. This is a very popular hotel, an appointment at least 72 hours in advance is required to see rooms/suites that are currently available for purchase. This is a Marquis Suite with a king bed. Condo fees for 2020 were approximately $1737.70 front loaded for the year. Income for 2020 after condo fees $3593.67