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Key Details
Sold Price $540,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 3,221 sqft
Price per Sqft $167
MLS Listing ID NJAC2012902
Sold Date 09/30/24
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $9,625
Tax Year 2023
Lot Size 1,246 Sqft
Acres 0.03
Lot Dimensions 15.56 x 80.00
Property Description
Discover an exceptional investment opportunity in Atlantic City, NJ. This multifamily property features six units, perfectly combining convenience and comfort in a prime location. The five one-bedroom apartments each include a bedroom, bathroom, kitchen, and living room, while the spacious studio apartment adds versatility to the mix. Situated on a prominent corner lot, this property offers an unbeatable position in the center of Atlantic City.
Perfect proximity to all amenities, including restaurants, casinos, waterfront, all within walking distance.
This property is in a High Demand Area: Thanks to its central location and varied unit types, this property is set for high occupancy rates and consistent rental income.
Location
State NJ
County Atlantic
Area Atlantic City (20102)
Zoning R-3
Interior
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling None
Heat Source Electric
Exterior
Waterfront N
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Atlantic City Schools
Others
Tax ID 02-00346-00001
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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