Atlantic City NJ Multi Family for Sale
$149,900
404 N Ohio Atlantic City, NJ 08401
ADDITIONAL INFORMATION
Investors come and get it! Multiunit classified as a triplex. Gutted and ready to rock and roll! All permits/inspections are responsibility of buyer.
$349,900
22 S Georgia Atlantic City, NJ 08401
ADDITIONAL INFORMATION
Investor and extended families this one is for you! Most of the work has been completed just needs your finishing touches! The best location in the city. Close to everything! Beach, Boardwalk, Tanger Outlets, Dave & Busters, Casinos, Docks Oyster House and so much more! Live in one unit and rent the other two! This is a once in a life time home. First floor unit is commercial.(This MAY be able to be converted to residential) Second floor unit is 4 bedrooms and one full bathroom. The top floor is up to 8 bedrooms and two full bathrooms. Sold "AS-IS" Buyer responsible for all permits/inspections.
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1930
- Baths:
- MLS#:
- 581204
ADDITIONAL INFORMATION
provide financials, receive financials upon showing...do not send clients directly owner is a licensed broker, owner may owner finance. Three 2 bedrooms at $1,300 each One 3 bedrooms at $1,600 Two salons at $1,500 each, with increases in five year lease Salons split water and sewer 1/3
ADDITIONAL INFORMATION
10.6% CAP RATE!! INVESTOR ALERT - Turnkey Cash Flowing Commercial Mixed Use property! Located next to the new development site of a 125,000 Square foot agricultural museum. This Mix-use property consists of approximately 4,602 sq.ft. with a store front and 2 apartments. All units have separate gas and electric. First Floor is a Commercial storefront with 2 private bathrooms. The commercial space is approximately 2,200 square feet. Apartment 1 has Three bedrooms with newly painted walls and carpet with a large private back deck. Apartment 2 is a two-level fully renovated/remodeled Two bedroom with Den/extra sleeping area. Also comes with a very large private deck off the kitchen. New Kitchen, Flooring, lighting, paint, doors, and all new trim. Located in the heart of it all!!! Close to the Atlantic City Hospital, Casinos, beach and boardwalk. Convenient location for Casino or Hospital workers!!! Annual NOI of $50,250 putting this listing at a 10.6% cap rate!! Rental Income: Storefront $2,500 or $30,000 per year with annual rent increase on a 10-year lease; Apartment One $1,650 or $19,800 per year; Apartment two $1,650 or $19,800 per year. Total annual income of $69,600. Annual Expenses: Water & Sewer $1,100.00 per year; Insurance $4,500 per year; Property Tax $8,750; Misc $5,000 per year.
ADDITIONAL INFORMATION
Investment opportunity! Discover 507 Adriatic Ave, a valuable duplex in Atlantic City's Bungalow Park. It generates close to $2,000 monthly, fully leased, promising steady returns. The house needs TLC and if renovated can double the current income. Each unit offers two bedrooms, meeting modern living demands in a cozy setting. The sizable backyard, ideal for parking, holds potential for future enhancements. Enjoy serene views of Gardiner's Basin while being just moments from the vibrant life of the boardwalk, beaches, and casinos. Bungalow Park is on the rise, increasingly favored for investment and residential purposes. This duplex, is near dining, shopping, and cultural centers, providing all necessities within reach. Sold "as is," it's a smart buy in Atlantic City's upswing. It is ideal for investors seeking to merge lifestyle with opportunity. Inquire today to explore the possibilities at 507 Adriatic Ave.
ADDITIONAL INFORMATION
Great investment opportunity this income generating Duplex located on a good street is just a few blocks to the beach, boardwalk ,Casinos, shopping and restaurants, also within Close proximity to Stockton University. Needs some TLC being sold as is but great value in this market.
- Type:
- Multi-Family
- Sq.Ft.:
- 1,543
- Status:
- Active
- Beds:
- 4
- Lot size:
- 0.02 Acres
- Year built:
- 1925
- Baths:
- 2.00
- MLS#:
- 22326211
- Subdivision:
- None
View additional info
Courtesy: Realty Executives Exceptional
973-575-6700
Alexander Malaret
ADDITIONAL INFORMATION
CALLING ALL INVESTORS!!! HERE IS A 2 FAMILY JUST BLOCKS FROM THE BEACH, PARK, AQUARIUM, RESTAURANTS AND MORE! THE WATER IS ALL AROUND READY TO ENJOY & WITH CASINOS CLOSE BY. THIS NEIGHBORHOOD IS UP AND COMING. 4 BEDROOMS AND 2 BATH TOTAL READY FOR YOUR VISION! AND NEW CONSTRUCTION ALL AROUND. DON'T MISS THIS OPPORTUNITY IN THE HEART OF ATLANTIC CITY!!
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Atlantic City Real Estate
The median home value in Atlantic City, NJ is $222,000. This is lower than the county median home value of $301,600. The national median home value is $338,100. The average price of homes sold in Atlantic City, NJ is $222,000. Approximately 21.78% of Atlantic City homes are owned, compared to 56.24% rented, while 21.98% are vacant. Atlantic City real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Atlantic City real estate agent to arrange a tour today!
Atlantic City, New Jersey has a population of 38,481. Atlantic City is less family-centric than the surrounding county with 21.75% of the households containing married families with children. The county average for households married with children is 26.78%.
The median household income in Atlantic City, New Jersey is $29,773. The median household income for the surrounding county is $66,473 compared to the national median of $69,021. The median age of people living in Atlantic City is 37.6 years.
Atlantic City Weather
The average high temperature in July is 83.3 degrees, with an average low temperature in January of 26.8 degrees. The average rainfall is approximately 40.4 inches per year, with 13.1 inches of snow per year.